Traders Sell Shares of Northrop Grumman (NOC) on Strength (NOC)

Traders sold shares of Northrop Grumman (NYSE:NOC) on strength during trading hours on Monday. $72.70 million flowed into the stock on the tick-up and $102.97 million flowed out of the stock on the tick-down, for a money net flow of $30.27 million out of the stock. Of all equities tracked, Northrop Grumman had the 20th highest net out-flow for the day. Northrop Grumman traded up $0.20 for the day and closed at $356.12

Several research analysts have commented on the stock. Jefferies Group upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Wednesday, February 14th. Royal Bank of Canada set a $389.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Barclays assumed coverage on shares of Northrop Grumman in a research report on Thursday, March 29th. They set an “overweight” rating and a $400.00 price objective for the company. Cowen restated a “hold” rating and set a $310.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $364.87.

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The company has a market capitalization of $61,961.26, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.77. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.07. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.96 earnings per share. equities analysts predict that Northrop Grumman will post 15.55 earnings per share for the current fiscal year.

In related news, VP Michael A. Hardesty sold 2,941 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $351.06, for a total value of $1,032,467.46. Following the sale, the vice president now owns 9,202 shares of the company’s stock, valued at $3,230,454.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Janis G. Pamiljans sold 955 shares of the business’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $338.85, for a total transaction of $323,601.75. Following the completion of the sale, the vice president now directly owns 10,466 shares in the company, valued at approximately $3,546,404.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,299 shares of company stock worth $3,220,228. Insiders own 0.62% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Northrop Grumman by 13.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 55,009 shares of the aerospace company’s stock worth $16,883,000 after purchasing an additional 6,602 shares during the last quarter. KCM Investment Advisors LLC bought a new stake in shares of Northrop Grumman in the fourth quarter worth $206,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Northrop Grumman by 21.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,257 shares of the aerospace company’s stock worth $30,463,000 after purchasing an additional 17,319 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Northrop Grumman in the fourth quarter worth $166,000. Finally, HM Payson & Co. grew its stake in shares of Northrop Grumman by 16.4% in the fourth quarter. HM Payson & Co. now owns 1,371 shares of the aerospace company’s stock worth $421,000 after purchasing an additional 193 shares during the last quarter. 80.75% of the stock is currently owned by institutional investors.

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Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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