News headlines about Northrop Grumman Corporation (NYSE:NOC) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northrop Grumman Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 45.5910725912217 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Sumitomo Mitsui Trust Holdings, Inc. Buys A Little More Northrop Grumman Corporation (NOC) Stock – Highlight Press (highlightpress.com)
- Stock Performance Check on Shares of Northrop Grumman Corporation (NYSE:NOC) – Jonesboro Recorder (jonesbororecorder.com)
- Northrop Grumman Corporation (NOC) Price Target Increased to $295.00 by Analysts at Argus (americanbankingnews.com)
- Are Discerning Investors Interested in Northrop Grumman Corporation (NYSE:NOC)? – FLBC News (flbcnews.com)
Northrop Grumman Corporation (NOC) traded up 1.22% during trading on Wednesday, reaching $273.10. The company’s stock had a trading volume of 978,910 shares. The stock has a market cap of $47.55 billion, a P/E ratio of 20.86 and a beta of 0.66. The firm’s 50-day moving average is $261.88 and its 200-day moving average is $247.97. Northrop Grumman Corporation has a 52-week low of $206.69 and a 52-week high of $273.80.
Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 earnings per share. Equities research analysts forecast that Northrop Grumman Corporation will post $12.55 EPS for the current year.
Several brokerages recently weighed in on NOC. Argus increased their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Morgan Stanley began coverage on Northrop Grumman Corporation in a research note on Tuesday. They set an “equal weight” rating and a $279.00 target price for the company. BidaskClub downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Vertical Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $254.00 to $270.00 in a research note on Wednesday, May 10th. Finally, Cowen and Company restated a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a research note on Monday, July 17th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $259.93.
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In related news, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total value of $1,000,220.00. Following the completion of the sale, the vice president now directly owns 69,458 shares in the company, valued at $18,059,080. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the sale, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
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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