Northrop Grumman Corporation (NYSE:NOC) VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the sale, the vice president now owns 58,186 shares in the company, valued at approximately $17,203,854.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded up $5.06 during trading hours on Friday, reaching $299.23. The company’s stock had a trading volume of 2,882 shares, compared to its average volume of 706,516. The company has a market capitalization of $52.46 billion, a price-to-earnings ratio of 22.97 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.35 earnings per share. equities analysts anticipate that Northrop Grumman Corporation will post 13.2 earnings per share for the current year.

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A number of research firms recently commented on NOC. Argus lifted their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Vertical Research reaffirmed a “buy” rating and set a $296.00 target price (up previously from $280.00) on shares of Northrop Grumman Corporation in a report on Wednesday, September 20th. Royal Bank Of Canada lifted their target price on Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $290.54.

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

About Northrop Grumman Corporation

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)

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