Northrop Grumman Co. (NYSE:NOC) Director Mark A. Welsh III Sells 33 Shares of Stock

Northrop Grumman Co. (NYSE:NOC) Director Mark A. Welsh III sold 33 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $510.10, for a total transaction of $16,833.30. Following the completion of the transaction, the director now owns 4,188 shares of the company’s stock, valued at $2,136,298.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Northrop Grumman Stock Up 2.0 %

Shares of NYSE:NOC opened at $523.14 on Thursday. The stock’s 50-day moving average is $523.63 and its 200 day moving average is $484.30. The company has a market cap of $76.22 billion, a PE ratio of 32.41, a P/E/G ratio of 1.02 and a beta of 0.35. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the previous year, the firm earned $6.18 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Northrop Grumman Co. will post 25.95 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.58%. Northrop Grumman’s dividend payout ratio (DPR) is presently 51.05%.

Institutional Investors Weigh In On Northrop Grumman

A number of large investors have recently modified their holdings of the stock. Aviso Wealth Management boosted its position in Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after acquiring an additional 996 shares in the last quarter. Susquehanna International Securities Ltd. bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $1,133,000. State Board of Administration of Florida Retirement System boosted its position in shares of Northrop Grumman by 9.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock valued at $74,027,000 after purchasing an additional 14,275 shares in the last quarter. GAMMA Investing LLC grew its stake in Northrop Grumman by 133.9% in the second quarter. GAMMA Investing LLC now owns 2,248 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 1,287 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new position in Northrop Grumman during the third quarter valued at $10,208,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NOC shares. UBS Group upped their price objective on Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Susquehanna increased their price target on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Barclays upped their price objective on shares of Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Alembic Global Advisors cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $550.56.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.