Northrop Grumman Corporation (NYSE:NOC) Sees Light Trading Volume with 653K Shares Changing Hands


653K shares changed hands on Friday. Trading volume was down 35.02% under the stocks average daily volume.

Here are a few additional firms who have increased or decreased their stake in (NOC). As of quarter end Kbc Group Nv had disposed of a total of 20,118 shares trimming its holdings by 37.9%. The value in dollars went from $12,633,000 to $8,471,000 a change of $4,162,000 since the last quarter. Ars Investment Partners, LLC cut its position by shedding 13,383 shares a decrease of 37.6% as of 06/30/2017. Ars Investment Partners, LLC currently owns 22,246 shares valued at $5,711,000. The total value of its holdings decreased 31.1%.

Blair William & Co/il reduced its holdings by selling 1,136 shares a decrease of 8.8% from 03/31/2017 to 06/30/2017. Blair William & Co/il controls 11,800 shares worth $3,029,000. The value of the position overall is down by 3.8%. As of the end of the quarter Tocqueville Asset Management L.p. had sold 391 shares trimming its stake by 4.5%. The value of the investment in NOC increased from $2,085,000 to $2,150,000 a change of 3.1% for the reporting period.

August 4 investment analysts at Argus Research kept the company rating at “Buy” but raised the price expectation to $295.00 from $205.00. On December 5 Deutsche Bank left the stock rating at “Buy” but moved up the price target from $214.00 to $265.00.

On November 10 the company was upgraded from “Equal-weight” to “Overweight” with a current price target of $270.00 by analysts at Barclays. Equity analyst Barclays raised the price target and upgraded the stock on November 10 changing the price target from $200.00 to $270.00 and setting the rating at “Overweight” which had previously been “Equal-weight”.

Equity analyst Vertical Research added NOC to its research portfolio by announcing an initial rating of “Hold”. released its first research report on the stock setting a rating of “Outperform” and a price target of $260.00.

In the market the company is trading up by 0.16 percent from yesterday’s close. Northrop Grumman Corporation recently declared a dividend for shareholders paid on Wednesday June 21st, 2017. The dividend was $1.000 per share for the quarter which is $4.00 annualized. This dividend amount was represent a yeild of $1.49. The ex-dividend date was set for Thursday the 1st of June 2017.

Shares last traded at $269.24 marginally over the 50 day moving average which is $261.05 and a tad higher than the 200 day moving average of $247.53. The 50 day moving average went up by +3.14% and the 200 day average moved up $21.71.

Northrop Grumman Corporation currently has a P/E ratio of 20.57 and the market cap is 46.87B. In the last earnings report the EPS was $13.09 and is estimated to be $12.56 for the current year with 174,094,000 shares now outstanding. Analysts expect next quarter’s EPS will be $2.86 with next year’s EPS projected to be $13.60.

Northrop Grumman Corporation, launched on August 4, 2010, 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 Business’s segments include Aerospace Systems, Mission Systems and Technology Services. The Company participates in a range of defense and government programs in the United States and abroad. The Company also conducts business with foreign, state and local governments, as well as commercial customers..