Traders bought shares of Northrop Grumman Corp. (NYSE:NOC) on weakness during trading hours on Thursday. $70.18 million flowed into the stock on the tick-up and $55.84 million flowed out of the stock on the tick-down, for a money net flow of $14.34 million into the stock. Of all equities tracked, Northrop Grumman Corp. had the 18th highest net in-flow for the day. Northrop Grumman Corp. traded down ($0.65) for the day and closed at $221.13

Several equities analysts have recently issued reports on NOC shares. Deutsche Bank AG reissued a “buy” rating on shares of Northrop Grumman Corp. in a research note on Monday, March 28th. Guggenheim started coverage on Northrop Grumman Corp. in a research note on Monday, April 4th. They set a “buy” rating and a $226.00 target price on the stock. Vetr cut Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $208.72 target price on the stock. in a research note on Monday, April 4th. Zacks Investment Research cut Northrop Grumman Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Finally, Goldman Sachs Group Inc. boosted their target price on Northrop Grumman Corp. from $219.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, April 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $217.03.

The stock’s 50-day moving average price is $217.39 and its 200 day moving average price is $201.29. The firm has a market cap of $39.96 billion and a PE ratio of 20.11.

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

The company also recently disclosed 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. The ex-dividend date was Thursday, June 2nd. This represents a $3.60 annualized dividend and a yield of 1.63%. This is a boost from Northrop Grumman Corp.’s previous quarterly dividend of $0.80.

In other Northrop Grumman Corp. news, VP Sheila C. Cheston sold 12,731 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $206.49, for a total transaction of $2,628,824.19. Following the transaction, the vice president now directly owns 43,787 shares in the company, valued at approximately $9,041,577.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth L. Bedingfield sold 1,679 shares of the firm’s stock in a transaction 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 in the company, valued at $3,880,331.94. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its position in Northrop Grumman Corp. by 21.3% in the fourth quarter. Neuberger Berman Group LLC now owns 7,125 shares of the company’s stock valued at $1,345,000 after buying an additional 1,249 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Northrop Grumman Corp. by 109.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 11,137 shares of the company’s stock valued at $2,103,000 after buying an additional 5,814 shares during the last quarter. OppenheimerFunds Inc. increased its position in Northrop Grumman Corp. by 19.6% in the fourth quarter. OppenheimerFunds Inc. now owns 146,101 shares of the company’s stock valued at $27,594,000 after buying an additional 23,941 shares during the last quarter. Brown Advisory Inc. increased its position 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. Finally, Robeco Institutional Asset Management B.V. increased its position in Northrop Grumman Corp. by 7.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 321,674 shares of the company’s stock valued at $60,734,000 after buying an additional 21,741 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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