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

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Barclays PLC boosted their target price on shares of Northrop Grumman Corp. from $189.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, May 2nd. JPMorgan Chase & Co. downgraded shares of Northrop Grumman Corp. from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $231.00 in a research note on Thursday. Vetr downgraded shares of Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $224.44 target price for the company. in a research note on Wednesday, June 8th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Northrop Grumman Corp. in a research note on Monday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Northrop Grumman Corp. has a consensus rating of “Hold” and an average target price of $221.22.

The stock has a market capitalization of $38.05 billion and a PE ratio of 19.17. The stock has a 50-day moving average of $218.84 and a 200-day moving average of $207.61.

Northrop Grumman Corp. (NYSE:NOC) last released its earnings results on Wednesday, July 27th. The company reported $2.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.32. The company earned $6 billion during the quarter, compared to the consensus estimate of $5.99 billion. During the same period in the previous year, the firm posted $2.54 EPS. Northrop Grumman Corp.’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts predict that Northrop Grumman Corp. will post $11.04 EPS for the current fiscal year.

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

In other news, VP Christopher T. Jones sold 240 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $211.57, for a total value of $50,776.80. Following the completion of the sale, the vice president now owns 48,297 shares of the company’s stock, valued at approximately $10,218,196.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Vice sold 20,997 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $217.94, for a total transaction of $4,576,086.18. Following the completion of the sale, the vice president now directly owns 82,496 shares of the company’s stock, valued at approximately $17,979,178.24. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in Northrop Grumman Corp. by 1.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 550,318 shares of the company’s stock valued at $103,906,000 after buying an additional 8,581 shares during the last quarter. American International Group Inc. raised 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 valued at $19,658,000 after buying an additional 8,477 shares during the period. Airain ltd acquired a new position in Northrop Grumman Corp. during the fourth quarter valued at approximately $1,129,000. State of Tennessee Treasury Department raised its position 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. Finally, Dimensional Fund Advisors LP raised its position 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.

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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