Northrop Grumman Corp. (NYSE:NOC) hit a new 52-week high on Monday . The stock traded as high as $223.80 and last traded at $222.59, with a volume of 440,569 shares traded. The stock had previously closed at $221.97.

A number of brokerages recently weighed in on NOC. Zacks Investment Research cut Northrop Grumman Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Vetr cut Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $208.72 price objective for the company. in a research note on Monday, April 4th. Deutsche Bank AG upped their price objective on 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 cut 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, Guggenheim began coverage on Northrop Grumman Corp. in a research note on Monday, April 4th. They set a “buy” rating and a $226.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $217.03.

The company has a 50 day moving average of $216.24 and a 200-day moving average of $200.23. The company has a market cap of $40.06 billion and a PE ratio of 20.16.

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

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

In other news, VP Sheila C. Cheston sold 3,105 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $215.52, for a total value of $669,189.60. Following the completion of the sale, the vice president now directly owns 40,682 shares of the company’s stock, valued at approximately $8,767,784.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher T. Jones sold 240 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $211.57, for a total value of $50,776.80. Following the completion of the sale, the vice president now directly owns 48,297 shares of the company’s stock, valued at $10,218,196.29. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of NOC. Brown Advisory Inc. increased its stake in Northrop Grumman Corp. by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 9,093 shares of the company’s stock valued at $1,717,000 after buying an additional 48 shares during the last quarter. Advantus Capital Management Inc increased its stake in Northrop Grumman Corp. by 0.8% in the fourth quarter. Advantus Capital Management Inc now owns 17,764 shares of the company’s stock valued at $3,354,000 after buying an additional 135 shares during the last quarter. ProShare Advisors LLC increased its stake in Northrop Grumman Corp. by 0.6% in the fourth quarter. ProShare Advisors LLC now owns 36,286 shares of the company’s stock valued at $6,851,000 after buying an additional 218 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Northrop Grumman Corp. by 2.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,671 shares of the company’s stock valued at $4,469,000 after buying an additional 559 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in Northrop Grumman Corp. by 8.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,616 shares of the company’s stock valued at $1,440,000 after buying an additional 597 shares during 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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