Northrop Grumman Co. (NYSE:NOC) shares reached a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $400.00 to $310.00. Barclays currently has an overweight rating on the stock. Northrop Grumman traded as low as $249.31 and last traded at $251.15, with a volume of 1249740 shares changing hands. The stock had previously closed at $261.47.

Several other research analysts also recently issued reports on NOC. Zacks Investment Research downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 26th. Morgan Stanley lowered their price objective on Northrop Grumman from $346.00 to $318.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 14th. Jefferies Financial Group lowered their price objective on Northrop Grumman from $400.00 to $324.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. UBS Group began coverage on Northrop Grumman in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $315.00 price objective for the company. Finally, Wells Fargo & Co lowered their price objective on Northrop Grumman from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $348.35.

In other Northrop Grumman news, VP Lesley A. Kalan sold 4,158 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $285.58, for a total transaction of $1,187,441.64. Following the transaction, the vice president now directly owns 10,752 shares in the company, valued at approximately $3,070,556.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sheila C. Cheston sold 10,440 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $320.00, for a total value of $3,340,800.00. Following the transaction, the vice president now owns 43,696 shares in the company, valued at $13,982,720. The disclosure for this sale can be found here. Insiders have sold a total of 32,107 shares of company stock valued at $9,521,827 in the last three months. Insiders own 0.62% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Belpointe Asset Management LLC bought a new position in Northrop Grumman during the 3rd quarter valued at $111,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Northrop Grumman during the 2nd quarter valued at $114,000. Fort L.P. bought a new position in Northrop Grumman during the 2nd quarter valued at $117,000. WESPAC Advisors SoCal LLC bought a new position in Northrop Grumman during the 3rd quarter valued at $126,000. Finally, Virtus Alternative Investment Advisers Inc. bought a new position in Northrop Grumman during the 3rd quarter valued at $126,000. Institutional investors own 82.85% of the company’s stock.

The company has a quick ratio of 1.17, a current ratio of 1.26 and a debt-to-equity ratio of 1.53. The company has a market cap of $45.12 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.82.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, October 24th. The aerospace company reported $6.54 earnings per share for the quarter, beating the consensus estimate of $4.35 by $2.19. Northrop Grumman had a return on equity of 38.27% and a net margin of 9.62%. The business had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $7.99 billion. During the same period last year, the business earned $3.67 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Equities analysts forecast that Northrop Grumman Co. will post 19.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Monday, December 3rd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, November 30th. Northrop Grumman’s dividend payout ratio (DPR) is presently 36.14%.

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Northrop Grumman Company Profile (NYSE:NOC)

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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