Northrop Grumman Corp. (NYSE:NOC) shares traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as $214.50 and last traded at $214.75, with a volume of 515,099 shares. The stock had previously closed at $218.26.

Several research analysts have recently issued reports on the stock. Argus reiterated a “buy” rating on shares of Northrop Grumman Corp. in a report on Tuesday, August 2nd. Zacks Investment Research downgraded shares of Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Jefferies Group increased their price objective on Northrop Grumman Corp. from $233.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Vetr downgraded Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $224.44 price objective for the company. in a report on Tuesday, June 28th. Finally, Cowen and Company restated a “market perform” rating and issued a $227.00 price objective (up from $220.00) on shares of Northrop Grumman Corp. in a report on Wednesday, June 15th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $220.03.

The firm has a market cap of $38.30 billion and a price-to-earnings ratio of 19.30. The firm’s 50-day moving average is $219.05 and its 200 day moving average is $207.57.

Northrop Grumman Corp. (NYSE:NOC) last issued its earnings results on Wednesday, July 27th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.32. The business earned $6 billion during the quarter, compared to analysts’ expectations of $5.99 billion. During the same quarter in the previous year, the business earned $2.54 EPS. Northrop Grumman Corp.’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts expect that Northrop Grumman Corp. will post $11.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Monday, August 29th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, August 25th.

In related news, VP Christopher T. Jones sold 240 shares of Northrop Grumman Corp. stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $211.57, for a total value of $50,776.80. Following the transaction, the vice president now owns 48,297 shares in the company, valued at approximately $10,218,196.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Gloria A. Flach sold 3,769 shares of Northrop Grumman Corp. stock in a transaction on Friday, August 5th. The stock was sold at an average price of $218.78, for a total transaction of $824,581.82. Following the completion of the transaction, the chief operating officer now owns 61,812 shares in the company, valued at approximately $13,523,229.36. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in NOC. Trexquant Investment LP boosted its position in Northrop Grumman Corp. by 22.2% in the fourth quarter. Trexquant Investment LP now owns 5,500 shares of the company’s stock worth $1,038,000 after buying an additional 1,000 shares during the last quarter. Airain ltd purchased a new position in Northrop Grumman Corp. during the fourth quarter worth about $1,129,000. Victory Capital Management Inc. boosted its position in Northrop Grumman Corp. by 51.7% in the fourth quarter. Victory Capital Management Inc. now owns 7,569 shares of the company’s stock worth $1,429,000 after buying an additional 2,578 shares during the last quarter. Matarin Capital Management LLC purchased a new position in Northrop Grumman Corp. during the fourth quarter worth about $4,362,000. Finally, American International Group Inc. boosted its position in Northrop Grumman Corp. by 8.9% in the fourth quarter. American International Group Inc. now owns 104,108 shares of the company’s stock worth $19,658,000 after buying an additional 8,477 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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