Northrop Grumman Co. (NYSE:NOC) VP Patrick M. Antkowiak sold 1,932 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $310.00, for a total transaction of $598,920.00. Following the completion of the sale, the vice president now owns 5,208 shares in the company, valued at $1,614,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE NOC opened at $312.07 on Friday. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $340.14. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.18 and a quick ratio of 1.10. The stock has a market cap of $52.99 billion, a PE ratio of 14.63, a P/E/G ratio of 1.27 and a beta of 0.89.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $5.06 EPS for the quarter, beating the Zacks’ consensus estimate of $4.59 by $0.47. Northrop Grumman had a net margin of 9.67% and a return on equity of 41.42%. The company had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter in the prior year, the company posted $4.21 EPS. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. On average, analysts expect that Northrop Grumman Co. will post 19.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Monday, June 3rd will be paid a dividend of $1.32 per share. The ex-dividend date is Friday, May 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.20. Northrop Grumman’s dividend payout ratio is currently 22.50%.

A number of research analysts have issued reports on NOC shares. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 30th. Argus restated a “buy” rating on shares of Northrop Grumman in a report on Friday, February 1st. UBS Group upped their target price on shares of Northrop Grumman from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Bank of America restated a “buy” rating and issued a $355.00 target price (down from $360.00) on shares of Northrop Grumman in a report on Friday, February 1st. Finally, Drexel Hamilton set a $335.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a report on Saturday, February 9th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $333.06.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Princeton Global Asset Management LLC increased its stake in shares of Northrop Grumman by 1.5% during the 1st quarter. Princeton Global Asset Management LLC now owns 2,735 shares of the aerospace company’s stock valued at $737,000 after acquiring an additional 40 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Northrop Grumman during the 1st quarter valued at about $231,000. Cerebellum GP LLC acquired a new position in shares of Northrop Grumman during the 1st quarter valued at about $175,000. Allstate Corp increased its stake in shares of Northrop Grumman by 0.6% during the 1st quarter. Allstate Corp now owns 16,764 shares of the aerospace company’s stock valued at $4,520,000 after acquiring an additional 92 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Northrop Grumman by 31.7% during the 1st quarter. Advisory Services Network LLC now owns 1,646 shares of the aerospace company’s stock valued at $444,000 after acquiring an additional 396 shares during the last quarter. 81.37% of the stock is owned by institutional investors.

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Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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