Northrop Grumman Corporation (NOC) VP Sells $1,489,289.79 in Stock
Northrop Grumman Corporation (NYSE:NOC) VP Denise M. Peppard sold 5,037 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now directly owns 58,186 shares of the company’s stock, valued at $17,203,854.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Northrop Grumman Corporation (NOC) opened at $301.66 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The stock has a market capitalization of $52,512.52, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $306.61.
Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.35 earnings per share. equities research analysts forecast that Northrop Grumman Corporation will post 13.2 EPS for the current fiscal year.
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Several research analysts have recently weighed in on the company. Bank of America Corporation set a $350.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus upped their price objective on Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Cowen and Company reaffirmed a “hold” rating and set a $300.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $320.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada upped their price objective on Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $290.54.
Large investors have recently added to or reduced their stakes in the business. Shelton Capital Management raised its stake in Northrop Grumman Corporation by 70.5% in the first quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock valued at $4,091,000 after buying an additional 7,112 shares during the period. Assenagon Asset Management S.A. bought a new stake in Northrop Grumman Corporation in the third quarter valued at approximately $30,405,000. Caxton Associates LP bought a new stake in Northrop Grumman Corporation in the second quarter valued at approximately $5,134,000. Renaissance Technologies LLC raised its stake in Northrop Grumman Corporation by 331.4% in the first quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock valued at $235,271,000 after buying an additional 759,900 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management raised its stake in Northrop Grumman Corporation by 4.4% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,847 shares of the aerospace company’s stock valued at $7,289,000 after buying an additional 1,180 shares during the period. Hedge funds and other institutional investors own 81.51% of the company’s stock.
Northrop Grumman Corporation Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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