Headlines about Northrop Grumman (NYSE:NOC) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northrop Grumman earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 45.8893909067951 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
NOC has been the topic of several recent research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman in a research note on Thursday, July 27th. BidaskClub raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and issued a $243.00 target price on shares of Northrop Grumman in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $269.43.
Northrop Grumman (NYSE NOC) traded up 0.50% during mid-day trading on Friday, hitting $267.03. The stock had a trading volume of 864,524 shares. The company has a market cap of $46.49 billion, a PE ratio of 20.40 and a beta of 0.66. The firm’s 50-day moving average price is $268.61 and its 200 day moving average price is $254.97. Northrop Grumman has a one year low of $210.60 and a one year high of $274.61.
Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman had a return on equity of 38.58% and a net margin of 8.66%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. On average, equities research analysts anticipate that Northrop Grumman will post $12.55 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.56%.
In related news, VP Lisa R. Davis sold 367 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.
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Northrop Grumman 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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