News articles about Northrop Grumman (NYSE:NOC) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northrop Grumman earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 45.9333057069991 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- State Dept OKs Germany’s $2.5B Request for Northrop MQ-4C Triton Drones (govconwire.com)
- Janis G. Pamiljans Sells 955 Shares of Northrop Grumman Co. (NOC) Stock (americanbankingnews.com)
- Northrop Grumman-Developed WGS Training System for SATCOM Operators Unveiled by U.S. Army (satnews.com)
- U.S. State Dept OKs possible $2.5 bln sale of military drones to Germany (finance.yahoo.com)
- U.S. State Department OKs possible $2.5 billion sale of military drones to Germany (finance.yahoo.com)
Several analysts have weighed in on NOC shares. Goldman Sachs downgraded Northrop Grumman from a “conviction-buy” rating to a “buy” rating and set a $395.00 price target on the stock. in a research note on Tuesday, February 20th. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Citigroup reaffirmed a “buy” rating and issued a $405.00 price target on shares of Northrop Grumman in a report on Monday, March 12th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $347.00 price target for the company in a report on Friday, January 12th. Finally, Robert W. Baird reissued a “buy” rating and set a $394.00 target price on shares of Northrop Grumman in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $364.00.
Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.07. The company had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 earnings per share. analysts anticipate that Northrop Grumman will post 15.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th were paid a $1.10 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, March 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 33.13%.
In other Northrop Grumman news, VP Denise M. Peppard sold 2,539 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $335.12, for a total value of $850,869.68. Following the sale, the vice president now directly owns 38,613 shares in the company, valued at $12,939,988.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Janis G. Pamiljans sold 955 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $338.85, for a total value of $323,601.75. Following the completion of the sale, the vice president now owns 10,466 shares in the company, valued at $3,546,404.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,299 shares of company stock worth $3,220,228. 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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