Media coverage about Northrop Grumman Corporation (NYSE:NOC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. 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 media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected 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)
Shares of Northrop Grumman Corporation (NYSE:NOC) traded up 1.22% during trading on Wednesday, hitting $273.10. 978,910 shares of the stock traded hands. The stock has a 50-day moving average of $261.88 and a 200 day moving average of $247.97. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $273.80. The company has a market cap of $47.55 billion, a P/E ratio of 20.86 and a beta of 0.66.
Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $2.85 earnings per share. On average, equities research analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.
NOC has been the subject of a number of analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $254.00 to $270.00 in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a research report on Thursday, April 13th. Argus lifted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Morgan Stanley started coverage on shares of Northrop Grumman Corporation in a research report on Tuesday. They issued an “equal weight” rating and a $279.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $259.93.
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In related news, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the transaction, the vice president now directly owns 69,458 shares in the company, valued at $18,059,080. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lisa R. Davis sold 367 shares of the firm’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 directly owns 961 shares in the company, valued at $252,983.25. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
About Northrop Grumman Corporation
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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