Northrop Grumman Co. (NYSE:NOC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $330.26 and last traded at $325.27, with a volume of 624299 shares changing hands. The stock had previously closed at $329.53.

Several research firms have recently weighed in on NOC. Robert W. Baird raised their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Susquehanna Bancshares upgraded shares of Northrop Grumman from a “neutral” rating to a “positive” rating and raised their price objective for the company from $309.00 to $315.00 in a research report on Friday, April 5th. Morgan Stanley set a $18.00 price objective on shares of PG&E and gave the company a “hold” rating in a research report on Friday, June 14th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $338.24.

The company has a fifty day moving average price of $317.44. The stock has a market cap of $55.23 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.59.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, April 24th. The aerospace company reported $5.06 EPS for the quarter, topping the 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 analysts’ expectations of $8.34 billion. During the same period last year, the company posted $4.21 earnings per share. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, equities analysts anticipate that Northrop Grumman Co. will post 19.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Monday, June 3rd were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.64%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Friday, May 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.75%.

In other Northrop Grumman news, Director Madeleine Kleiner sold 971 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $315.16, for a total value of $306,020.36. Following the completion of the transaction, the director now directly owns 16,675 shares in the company, valued at $5,255,293. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Wesley G. Bush sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $291.59, for a total transaction of $14,579,500.00. Following the completion of the transaction, the chairman now owns 46,275 shares of the company’s stock, valued at $13,493,327.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,903 shares of company stock valued at $15,484,440. Corporate insiders own 0.45% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trustcore Financial Services LLC purchased a new stake in shares of Northrop Grumman in the first quarter worth approximately $27,000. Glassman Wealth Services lifted its position in shares of Northrop Grumman by 203.0% in the first quarter. Glassman Wealth Services now owns 100 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 67 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Northrop Grumman in the first quarter worth approximately $28,000. Sontag Advisory LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth approximately $29,000. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Northrop Grumman in the first quarter worth approximately $29,000. 83.20% of the stock is owned by institutional investors and hedge funds.

About Northrop Grumman (NYSE:NOC)

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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