Northrop Grumman Corporation (NOC) Getting Somewhat Favorable News Coverage, Analysis Finds
Media stories about Northrop Grumman Corporation (NYSE:NOC) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Northrop Grumman Corporation earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 85 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Northrop Grumman Corporation (NOC) Shares Bought by Caldwell & Orkin Inc (campdesrecrues.com)
- Northrop Grumman Corporation (NOC) Can’t Be More Hot. Just Reaches All-Time High (healthcaremenu.net)
- Northrop Grumman Corporation’s (NOC) “Hold” Rating Reaffirmed at Jefferies Group LLC (americanbankingnews.com)
- Northrop Grumman Corp – Hot or Not (cnbcafrica.com)
- M&A Flashback: Northrop’s Takeover of Grumman Led Defense Stocks Out Of The Cold War (finance.yahoo.com)
Northrop Grumman Corporation (NYSE:NOC) traded up 0.20% during midday trading on Friday, hitting $257.40. The company had a trading volume of 679,032 shares. The company’s 50 day moving average is $252.93 and its 200 day moving average is $241.98. The stock has a market cap of $44.93 billion, a price-to-earnings ratio of 20.14 and a beta of 0.69. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $262.59.
Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings results on Wednesday, April 26th. The aerospace company reported $3.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.73. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.15 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 38.20%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.03 earnings per share. On average, equities analysts anticipate that Northrop Grumman Corporation will post $12.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Monday, June 5th were given a $1.00 dividend. This is a positive change from Northrop Grumman Corporation’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $4.00 annualized dividend and a yield of 1.55%. Northrop Grumman Corporation’s payout ratio is 31.27%.
NOC has been the topic of several recent analyst reports. Citigroup Inc. cut Northrop Grumman Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $253.80 to $185.08 in a research report on Wednesday, March 1st. Vetr upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $253.00 target price on the stock in a research report on Thursday, March 2nd. Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Thursday, April 13th. Vertical Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $254.00 to $270.00 in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $251.51.
In other Northrop Grumman Corporation news, VP Christopher T. Jones sold 240 shares of Northrop Grumman Corporation stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $237.58, for a total value of $57,019.20. Following the transaction, the vice president now owns 61,686 shares in the company, valued at $14,655,359.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the transaction, the vice president now owns 69,458 shares in the company, valued at approximately $18,059,080. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,894 shares of company stock worth $16,830,275. 0.70% of the stock is currently owned by company insiders.
Northrop Grumman Corporation Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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