Northrop Grumman Co. (NOC) VP Sells $323,601.75 in Stock

Northrop Grumman Co. (NYSE:NOC) VP Janis G. Pamiljans sold 955 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $338.85, for a total value of $323,601.75. Following the completion of the sale, the vice president now directly owns 10,466 shares of the company’s stock, valued at $3,546,404.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NOC opened at $351.72 on Friday. Northrop Grumman Co. has a fifty-two week low of $237.39 and a fifty-two week high of $360.88. The stock has a market capitalization of $61,529.52, a P/E ratio of 26.48, a PEG ratio of 2.53 and a beta of 0.78. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04.

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Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.07. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm posted $2.96 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. sell-side analysts expect that Northrop Grumman Co. will post 15.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 5th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $4.40 annualized dividend and a yield of 1.25%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. Northrop Grumman’s dividend payout ratio (DPR) is 33.13%.

A number of institutional investors and hedge funds have recently made changes to their positions in NOC. Icon Wealth Partners LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $100,000. Truewealth LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $110,000. Crewe Advisors LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $159,000. We Are One Seven LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $166,000. Finally, SVA Plumb Wealth Management LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $203,000. 80.71% of the stock is owned by institutional investors.

A number of research firms recently commented on NOC. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $386.00 price target for the company in a research report on Thursday, March 29th. Barclays assumed coverage on Northrop Grumman in a research report on Thursday, March 29th. They set an “overweight” rating and a $400.00 target price for the company. Citigroup reaffirmed a “buy” rating and set a $405.00 target price on shares of Northrop Grumman in a research report on Monday, March 12th. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $365.00 target price (up from $336.00) on shares of Northrop Grumman in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $364.00.

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Northrop Grumman 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.

Insider Buying and Selling by Quarter for Northrop Grumman (NYSE:NOC)

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