Traders bought shares of Northrop Grumman Corp. (NYSE:NOC) on weakness during trading on Tuesday. $57.65 million flowed into the stock on the tick-up and $24.33 million flowed out of the stock on the tick-down, for a money net flow of $33.32 million into the stock. Of all equities tracked, Northrop Grumman Corp. had the 9th highest net in-flow for the day. Northrop Grumman Corp. traded down ($0.48) for the day and closed at $212.62

Several brokerages recently commented on NOC. JPMorgan Chase & Co. cut Northrop Grumman Corp. from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $225.00 to $231.00 in a research report on Thursday, August 25th. Argus reaffirmed a “buy” rating on shares of Northrop Grumman Corp. in a research report on Tuesday, August 2nd. Zacks Investment Research cut Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Jefferies Group increased their price objective on Northrop Grumman Corp. from $233.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, Vetr lowered Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $224.44 price objective for the company. in a research note on Tuesday, June 28th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $221.22.

The company has a 50 day moving average price of $217.86 and a 200 day moving average price of $208.57. The stock has a market capitalization of $37.97 billion and a PE ratio of 19.13.

Northrop Grumman Corp. (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.32. The firm earned $6 billion during the quarter, compared to the consensus estimate of $5.99 billion. During the same quarter last year, the firm earned $2.54 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Northrop Grumman Corp. will post $11.04 EPS for the current 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 dividend of $0.90 per share. The ex-dividend date is Thursday, August 25th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.69%.

In other news, VP Thomas E. Vice sold 20,997 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $17,979,178.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Wesley G. Bush sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $218.45, for a total value of $7,645,750.00. Following the sale, the chief executive officer now owns 35,000 shares of the company’s stock, valued at $7,645,750. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of 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 in the last quarter. American International Group Inc. increased its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 in the last quarter. Trexquant Investment LP increased its stake 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. Finally, Airain ltd acquired a new stake in shares of Northrop Grumman Corp. during the fourth quarter valued at $1,129,000.

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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