Shares of Northrop Grumman Corp. (NYSE:NOC) saw an uptick in trading volume on Friday . 924,898 shares changed hands during mid-day trading, a decline of 19% from the previous session’s volume of 1,135,122 shares.The stock last traded at $221.49 and had previously closed at $221.13.

A number of research firms have recently commented on NOC. Zacks Investment Research lowered Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Deutsche Bank AG boosted their price target on Northrop Grumman Corp. from $214.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. Vetr upgraded Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $224.44 price target on the stock in a research note on Tuesday, June 14th. Barclays PLC boosted their price target on Northrop Grumman Corp. from $189.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday, May 2nd. Finally, Cowen and Company restated a “market perform” rating and set a $227.00 price target (up from $220.00) on shares of Northrop Grumman Corp. in a research note on Wednesday, June 15th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $217.03.

The firm has a 50-day moving average of $217.39 and a 200-day moving average of $201.29. The company has a market capitalization of $39.96 billion and a PE ratio of 20.11.

Northrop Grumman Corp. (NYSE:NOC) last released its quarterly earnings results on Wednesday, April 27th. The company reported $2.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.28. During the same period in the prior year, the company earned $2.41 earnings per share. The company earned $5.96 billion during the quarter, compared to the consensus estimate of $5.92 billion. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Northrop Grumman Corp. will post $10.70 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Monday, June 6th were issued a $0.90 dividend. The ex-dividend date was Thursday, June 2nd. This is a positive change from Northrop Grumman Corp.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 1.63%.

In other news, CAO Michael A. Hardesty sold 1,357 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $209.53, for a total transaction of $284,332.21. Following the transaction, the chief accounting officer now directly owns 11,370 shares of the company’s stock, valued at $2,382,356.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher T. Jones sold 240 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 48,260 shares in the company, valued at $10,737,850. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in the company. Trexquant Investment LP boosted its position 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 valued at $1,038,000 after buying an additional 1,000 shares in the last quarter. Neuberger Berman Group LLC boosted its position 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 valued at $1,345,000 after buying an additional 1,249 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $1,429,000 after buying an additional 2,578 shares in the last quarter. Moors & Cabot Inc. boosted its position 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 valued at $1,440,000 after buying an additional 597 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Northrop Grumman Corp. by 29.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,765 shares of the company’s stock valued at $1,655,000 after buying an additional 1,995 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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