Northrop Grumman Corporation (NYSE:NOC) COO Gloria A. Flach sold 7,741 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the transaction, the chief operating officer now directly owns 77,200 shares in the company, valued at $22,885,940. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded up $1.98 on Wednesday, reaching $300.46. 521,500 shares of the company’s stock were exchanged, compared to its average volume of 777,759. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $51,958.95, a PE ratio of 22.75, a P/E/G ratio of 3.00 and a beta of 0.70. Northrop Grumman Corporation has a one year low of $220.72 and a one year high of $306.61.

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

ILLEGAL ACTIVITY NOTICE: “Northrop Grumman Corporation (NOC) COO Sells $2,294,819.45 in Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/15/northrop-grumman-corporation-noc-coo-sells-2294819-45-in-stock.html.

Several brokerages have issued reports on NOC. Royal Bank Of Canada raised their price objective on shares of Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $320.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Cowen and Company reissued a “hold” rating and set a $300.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Stifel Nicolaus lifted their target price on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the company a “hold” rating in a report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $292.01.

Several large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Northrop Grumman Corporation by 1.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,993 shares of the aerospace company’s stock valued at $6,043,000 after buying an additional 306 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of Northrop Grumman Corporation by 4,597.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 52,990 shares of the aerospace company’s stock valued at $15,246,000 after buying an additional 51,862 shares during the last quarter. U S Global Investors Inc. acquired a new position in shares of Northrop Grumman Corporation in the third quarter valued at approximately $575,000. Zions Bancorporation raised its position in shares of Northrop Grumman Corporation by 156.7% in the third quarter. Zions Bancorporation now owns 1,748 shares of the aerospace company’s stock valued at $503,000 after buying an additional 1,067 shares during the last quarter. Finally, Capital Bank & Trust Co raised its position in shares of Northrop Grumman Corporation by 50.0% in the third quarter. Capital Bank & Trust Co now owns 138,069 shares of the aerospace company’s stock valued at $39,725,000 after buying an additional 46,005 shares during the last quarter. 81.93% of the stock is owned by institutional investors and hedge funds.

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)

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.