Northrop Grumman Corp. (NYSE:NOC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $224.12 and last traded at $219.74, with a volume of 1,472,778 shares trading hands. The stock had previously closed at $220.81.

A number of research analysts have recently commented on NOC shares. Vetr raised Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $208.72 target price on the stock in a research note on Monday, April 18th. Zacks Investment Research cut Northrop Grumman Corp. from a “hold” rating to a “sell” rating in a research note on Monday, April 11th. Deutsche Bank AG upped their target price 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. Royal Bank Of Canada cut Northrop Grumman Corp. from an “outperform” rating to a “sector perform” rating and set a $222.00 target price on the stock. in a research note on Thursday, May 19th. They noted that the move was a valuation call. Finally, Citigroup Inc. upped their target price on Northrop Grumman Corp. from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Northrop Grumman Corp. presently has an average rating of “Buy” and a consensus target price of $217.03.

The company’s 50 day moving average is $217.58 and its 200 day moving average is $201.68. The firm has a market capitalization of $39.81 billion and a PE ratio of 20.03.

Northrop Grumman Corp. (NYSE:NOC) last released its quarterly earnings results on Wednesday, April 27th. The company reported $2.77 EPS for the quarter, beating the Thomson Reuters’ 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. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS. Equities research analysts expect that Northrop Grumman Corp. will post $10.70 earnings per share for the current year.

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

In related news, CFO Kenneth L. Bedingfield sold 1,679 shares of Northrop Grumman Corp. stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $206.94, for a total value of $347,452.26. Following the completion of the sale, the chief financial officer now owns 18,751 shares in the company, valued at approximately $3,880,331.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wesley G. Bush sold 35,000 shares of Northrop Grumman Corp. stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $209.96, for a total transaction of $7,348,600.00. Following the completion of the sale, the chief executive officer now owns 70,000 shares of the company’s stock, valued at approximately $14,697,200. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the stock. State of Tennessee Treasury Department increased 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 period. Roosevelt Investment Group Inc. bought a new stake in Northrop Grumman Corp. during the fourth quarter valued at $20,849,000. Oakmont Corp bought a new stake in Northrop Grumman Corp. during the fourth quarter valued at $53,586,000. Dimensional Fund Advisors LP increased 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 period. Finally, Matarin Capital Management LLC bought a new stake in Northrop Grumman Corp. during the fourth quarter valued at $4,362,000.

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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