Northrop Grumman (NOC) Given Daily Coverage Optimism Rating of 2.29

News coverage about Northrop Grumman (NYSE:NOC) has trended positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Northrop Grumman earned a news sentiment score of 2.29 on their scale. InfoTrie also gave media headlines about the aerospace company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have impacted Northrop Grumman’s ranking:

Shares of Northrop Grumman stock opened at $266.81 on Wednesday. The firm has a market capitalization of $47.34 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.03 and a beta of 0.83. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.26 and a quick ratio of 1.17. Northrop Grumman has a 52-week low of $251.66 and a 52-week high of $360.88.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 24th. The aerospace company reported $6.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.35 by $2.19. The business had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Northrop Grumman had a net margin of 9.62% and a return on equity of 38.27%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.67 EPS. As a group, equities research analysts forecast that Northrop Grumman will post 19.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Monday, December 3rd will be given a dividend of $1.20 per share. The ex-dividend date is Friday, November 30th. This represents a $4.80 annualized dividend and a yield of 1.80%. Northrop Grumman’s payout ratio is currently 36.14%.

NOC has been the subject of a number of research reports. Morgan Stanley cut their price objective on shares of Northrop Grumman from $346.00 to $318.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 14th. Jefferies Financial Group cut their price objective on shares of Northrop Grumman from $400.00 to $324.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 26th. Buckingham Research raised shares of Northrop Grumman from a “neutral” rating to a “buy” rating and upped their price objective for the company from $246.00 to $371.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Finally, UBS Group initiated coverage on shares of Northrop Grumman in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $315.00 price objective for the company. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $353.65.

In other Northrop Grumman news, VP Lesley A. Kalan sold 1,065 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $300.02, for a total transaction of $319,521.30. Following the completion of the sale, the vice president now owns 13,656 shares of the company’s stock, valued at approximately $4,097,073.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Wesley G. Bush sold 10,000 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $274.73, for a total transaction of $2,747,300.00. Following the sale, the chairman now directly owns 9,600 shares of the company’s stock, valued at approximately $2,637,408. The disclosure for this sale can be found here. Insiders have sold a total of 37,715 shares of company stock valued at $11,192,664 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

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About Northrop Grumman

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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