Investors purchased shares of Northrop Grumman Corp. (NYSE:NOC) on weakness during trading hours on Monday. $70.37 million flowed into the stock on the tick-up and $36.40 million flowed out of the stock on the tick-down, for a money net flow of $33.97 million into the stock. Of all equities tracked, Northrop Grumman Corp. had the 8th highest net in-flow for the day. Northrop Grumman Corp. traded down ($0.65) for the day and closed at $220.81

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

The stock has a market cap of $39.85 billion and a price-to-earnings ratio of 20.05. The stock’s 50 day moving average price is $217.58 and its 200-day moving average price is $201.68.

Northrop Grumman Corp. (NYSE:NOC) last announced its earnings results on Wednesday, April 27th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.28. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the business earned $2.41 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts forecast that Northrop Grumman Corp. will post $10.70 EPS for the current fiscal year.

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

In other Northrop Grumman Corp. news, COO Gloria A. Flach sold 41,087 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $214.46, for a total value of $8,811,518.02. Following the completion of the sale, the chief operating officer now owns 118,252 shares in the company, valued at approximately $25,360,323.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael A. Hardesty sold 1,357 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $209.53, for a total transaction of $284,332.21. Following the completion of the sale, the chief accounting officer now owns 11,370 shares of the company’s stock, valued at approximately $2,382,356.10. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Northrop Grumman Corp. by 3.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,244,344 shares of the company’s stock valued at $234,945,000 after buying an additional 44,677 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Northrop Grumman Corp. by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,203,959 shares of the company’s stock valued at $227,324,000 after buying an additional 12,838 shares during the last quarter. Marshall Wace LLP boosted its stake in Northrop Grumman Corp. by 13.8% in the fourth quarter. Marshall Wace LLP now owns 286,447 shares of the company’s stock valued at $54,084,000 after buying an additional 34,647 shares during the last quarter. Oakmont Corp bought a new stake in Northrop Grumman Corp. during the fourth quarter valued at $53,586,000. Finally, State of Tennessee Treasury Department boosted its stake in Northrop Grumman Corp. by 14.7% in the fourth quarter. State of Tennessee Treasury Department now owns 243,880 shares of the company’s stock valued at $46,047,000 after buying an additional 31,281 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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