Northrop Grumman Co. (NOC) Declares Quarterly Dividend of $0.70
Northrop Grumman (NYSE:NOC) declared a quarterly dividend on Wednesday, August 20th, American Banking and Market News reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.70 per share on Wednesday, September 17th. This represents a $2.80 dividend on an annualized basis and a yield of 2.18%.
A number of research firms have recently commented on NOC. Analysts at Barclays raised their price target on shares of Northrop Grumman from $130.00 to $132.00 in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Argus upgraded shares of Northrop Grumman to a “hold” rating in a research note on Monday, July 28th. They now have a $115.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Northrop Grumman in a research note on Monday, July 28th. They now have a $130.00 price target on the stock, up previously from $128.00. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $127.85.
Shares of Northrop Grumman (NYSE:NOC) traded up 0.91% during mid-day trading on Wednesday, hitting $128.17. The stock had a trading volume of 935,210 shares. Northrop Grumman has a 52-week low of $91.97 and a 52-week high of $128.46. The stock’s 50-day moving average is $123.4 and its 200-day moving average is $121.2. The company has a market cap of $26.651 billion and a price-to-earnings ratio of 13.71.
Northrop Grumman (NYSE:NOC) last released its earnings data on Wednesday, July 23rd. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.15. The company had revenue of $6.00 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Northrop Grumman will post $9.41 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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