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.
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.
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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