Shares of Northrop Grumman Corp. (NYSE:NOC) saw unusually-high trading volume on Friday . Approximately 728,380 shares changed hands 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.

NOC has been the subject of a number of research reports. Zacks Investment Research downgraded Northrop Grumman Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 11th. Citigroup Inc. raised their price objective on Northrop Grumman Corp. from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, April 27th. Vetr downgraded Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $224.44 price objective for the company. in a research report on Wednesday, June 8th. Wells Fargo & Co. reiterated a “hold” rating on shares of Northrop Grumman Corp. in a research report on Monday, May 23rd. Finally, Goldman Sachs Group Inc. raised their price objective on Northrop Grumman Corp. from $219.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, April 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Northrop Grumman Corp. currently has an average rating of “Buy” and a consensus target price of $217.03.

The stock has a market capitalization of $40.05 billion and a P/E ratio of 20.15. The company’s 50 day moving average is $216.24 and its 200-day moving average is $200.23.

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 consensus estimate of $2.49 by $0.28. The firm earned $5.96 billion during the quarter, compared to analyst estimates of $5.92 billion. Northrop Grumman Corp.’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 EPS. Equities analysts predict that Northrop Grumman Corp. will post $10.70 earnings per share for the current fiscal year.

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

In other news, CFO Kenneth L. Bedingfield sold 1,679 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $206.94, for a total value of $347,452.26. Following the transaction, the chief financial officer now owns 18,751 shares of the company’s stock, valued at $3,880,331.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher T. Jones sold 240 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $222.50, for a total value of $53,400.00. Following the completion of the transaction, the vice president now directly owns 48,260 shares in the company, valued at approximately $10,737,850. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Trexquant Investment LP increased its stake in shares of Northrop Grumman Corp. by 22.2% in the fourth quarter. Trexquant Investment LP now owns 5,500 shares of the company’s stock worth $1,038,000 after buying an additional 1,000 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Northrop Grumman Corp. by 50.0% in the fourth quarter. Numeric Investors LLC now owns 5,700 shares of the company’s stock worth $1,076,000 after buying an additional 1,900 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Northrop Grumman Corp. by 21.3% in the fourth quarter. Neuberger Berman Group LLC now owns 7,125 shares of the company’s stock worth $1,345,000 after buying an additional 1,249 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Northrop Grumman Corp. by 51.7% in the fourth quarter. Victory Capital Management Inc. now owns 7,569 shares of the company’s stock worth $1,429,000 after buying an additional 2,578 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Northrop Grumman Corp. by 8.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,616 shares of the company’s stock worth $1,440,000 after buying an additional 597 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.