Media stories about Northrop Grumman (NYSE:NOC) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northrop Grumman earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.9333057069991 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Northrop Grumman Preps for Final Test Phase on NASA Webb Telescope (govconwire.com)
- Trump’s Call For A ‘Space Force’ Could Transform How America Wages War (finance.yahoo.com)
- Northrop Grumman Stock Upgraded: What You Need to Know – Motley Fool (fool.com)
- Raytheon (RTN) Wins $40M Deal for B-2 Antenna Modification (finance.yahoo.com)
- Northrop Grumman (NOC) Rating Reiterated by Citigroup (americanbankingnews.com)
Shares of Northrop Grumman (NOC) traded down $4.52 on Wednesday, hitting $340.10. 811,451 shares of the stock were exchanged, compared to its average volume of 1,190,000. The stock has a market capitalization of $59,210.00, a price-to-earnings ratio of 25.80, a PEG ratio of 2.47 and a beta of 0.78. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04. Northrop Grumman has a 12-month low of $233.20 and a 12-month high of $359.43.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.29%. Northrop Grumman’s payout ratio is 33.38%.
A number of equities analysts have recently issued reports on NOC shares. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $347.00 price target on the stock in a research report on Friday, January 12th. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. raised Northrop Grumman from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $317.00 to $355.00 in a research report on Tuesday, December 12th. Royal Bank of Canada set a $374.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $315.00 price target on shares of Northrop Grumman in a research report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $358.64.
In other news, VP Michael A. Hardesty sold 2,941 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $351.06, for a total transaction of $1,032,467.46. Following the sale, the vice president now directly owns 9,202 shares of the company’s stock, valued at $3,230,454.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael A. Hardesty sold 1,296 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $353.20, for a total transaction of $457,747.20. Following the sale, the vice president now directly owns 6,677 shares in the company, valued at $2,358,316.40. The disclosure for this sale can be found here. Insiders have sold 8,344 shares of company stock worth $2,896,627 over the last three months. Corporate insiders own 0.70% of the company’s stock.
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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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