Northrop Grumman Corp. (NYSE:NOC) saw strong trading volume on Friday . 728,380 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 955,503 shares.The stock last traded at $221.41 and had previously closed at $220.50.

Several equities analysts have issued reports on the stock. Vetr raised shares of Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $208.72 price target on the stock in a report on Monday, April 18th. Zacks Investment Research downgraded shares of Northrop Grumman Corp. from a “hold” rating to a “sell” rating in a research note on Monday, April 11th. Deutsche Bank AG lifted their price objective on shares of Northrop Grumman Corp. from $214.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 7th. Royal Bank Of Canada downgraded shares of Northrop Grumman Corp. from an “outperform” rating to a “sector perform” rating and set a $222.00 price objective for the company. in a research note on Thursday, May 19th. They noted that the move was a valuation call. Finally, Citigroup Inc. lifted their price objective on shares of Northrop Grumman Corp. from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $217.03.

The firm’s 50-day moving average price is $215.92 and its 200-day moving average price is $199.99. The stock has a market capitalization of $40.05 billion and a P/E ratio of 20.15.

Northrop Grumman Corp. (NYSE:NOC) last posted its earnings results on Wednesday, April 27th. The company reported $2.77 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.28. The company earned $5.96 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the business earned $2.41 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that Northrop Grumman Corp. will post $10.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Monday, June 6th were given a $0.90 dividend. This is a boost from Northrop Grumman Corp.’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, June 2nd.

In related news, VP Sheila C. Cheston sold 3,105 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $215.52, for a total transaction of $669,189.60. Following the completion of the sale, the vice president now owns 40,682 shares in the company, valued at approximately $8,767,784.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher T. Jones sold 240 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $222.50, for a total transaction of $53,400.00. Following the sale, the vice president now owns 48,260 shares of the company’s stock, valued at approximately $10,737,850. The disclosure for this sale can be found here.

Other hedge funds have modified their holdings of the company. Brown Advisory Inc. boosted its stake in shares of Northrop Grumman Corp. by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 9,093 shares of the company’s stock worth $1,717,000 after buying an additional 48 shares in the last quarter. Krasney Financial LLC acquired a new stake in shares of Northrop Grumman Corp. during the fourth quarter worth $5,559,000. Artemis Investment Management LLP boosted its stake in shares of Northrop Grumman Corp. by 7.3% in the fourth quarter. Artemis Investment Management LLP now owns 504,421 shares of the company’s stock worth $95,247,000 after buying an additional 34,273 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Northrop Grumman Corp. by 19.6% in the fourth quarter. OppenheimerFunds Inc. now owns 146,101 shares of the company’s stock worth $27,594,000 after buying an additional 23,941 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Northrop Grumman Corp. by 49.9% in the fourth quarter. Teacher Retirement System of Texas now owns 221,499 shares of the company’s stock worth $41,821,000 after buying an additional 73,727 shares in the last quarter.

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

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