Northrop Grumman Corporation (NYSE:NOC) VP Sid Ashworth sold 6,311 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the sale, the vice president now directly owns 63,147 shares in the company, valued at $18,817,806. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded down 0.28% during mid-day trading on Tuesday, reaching $295.53. 461,999 shares of the company were exchanged. Northrop Grumman Corporation has a 12 month low of $220.72 and a 12 month high of $306.61. The firm has a market capitalization of $51.45 billion, a price-to-earnings ratio of 22.58 and a beta of 0.68. The company’s 50-day moving average is $287.50 and its 200 day moving average is $266.38.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the firm earned $3.35 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts predict that Northrop Grumman Corporation will post $13.03 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Northrop Grumman Corporation (NOC) VP Sells 6,311 Shares of Stock” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/31/insider-selling-northrop-grumman-corporation-noc-vp-sells-6311-shares-of-stock.html.

Hedge funds have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC bought a new stake in Northrop Grumman Corporation during the first quarter valued at $108,000. Hanseatic Management Services Inc. increased its stake in Northrop Grumman Corporation by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 48 shares during the last quarter. First Personal Financial Services increased its stake in Northrop Grumman Corporation by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in Northrop Grumman Corporation by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares during the last quarter. Finally, People s United Financial Inc. increased its stake in Northrop Grumman Corporation by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.50% of the company’s stock.

A number of equities research analysts have commented on NOC shares. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus increased their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $294.00 price objective on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 target price for the company in a report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $290.54.

Northrop Grumman Corporation 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 Corporation (NYSE:NOC)

Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.