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.
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.
TRADEMARK VIOLATION NOTICE: “Northrop Grumman Co. (NOC) VP Sells $323,601.75 in Stock” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/northrop-grumman-co-noc-vp-sells-323601-75-in-stock.html.
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.
Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.