Insider Selling: Northrop Grumman VP Sells 46,869 Shares of Stock (NOC)
Northrop Grumman (NYSE:NOC) VP Linda A. Mills sold 46,869 shares of Northrop Grumman stock on the open market in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.01, for a total value of $5,531,010.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on NOC. Analysts at Barclays raised their price target on shares of Northrop Grumman from $110.00 to $125.00 in a research note on Wednesday, February 5th. They now have an “equal weight” rating on the stock. Separately, analysts at Drexel Hamilton upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. They now have a $141.00 price target on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of Northrop Grumman in a research note on Friday, January 31st. They now have a “neutral” rating and a $115.00 price target on the stock. They previously had a $109.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $112.38.
Shares of Northrop Grumman (NYSE:NOC) traded up 0.67% on Thursday, hitting $118.86. The stock had a trading volume of 979,544 shares. Northrop Grumman has a 52 week low of $64.20 and a 52 week high of $123.65. The stock’s 50-day moving average is $115.0 and its 200-day moving average is $104.7. The company has a market cap of $25.761 billion and a price-to-earnings ratio of 14.14.
Northrop Grumman (NYSE:NOC) last released its earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.18. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.01 billion. Analysts expect that Northrop Grumman will post $8.94 EPS for the current fiscal year.
Northrop Grumman Corporation (NYSE:NOC) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.
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