Morgan Stanley Starts Coverage on Northrop Grumman Corporation (NOC) Giving It An Initial Rating Of “Equal-Weight”


Northrop Grumman Corporation (NYSE:NOC).

August 4 investment analysts at Argus Research kept the company rating at “Buy” and raised the price expectation from $205.00 to $295.00.

In the market the company is trading down from yesterday’s close of $296.37. Additionally Northrop Grumman Corporation recently announced a dividend for shareholders paid on Wednesday the 13th of September 2017. The dividend was $1.000 per share for the quarter or $4.00 annualized. This dividend represents a yield of $1.35. The ex-dividend date was set for Thursday the 24th of August 2017.

It is trading at $296.14 which is marginally over the 50 day moving average of $287.50 and quite a bit above the 200 day moving average of $266.38. The 50 day moving average moved up $8.64 and the 200 day average moved up $29.76.

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..

The company currently has a P/E ratio of 22.62 and market capitalization is 51.56B. As of the last earnings report the EPS was $13.09 and is projected to be $13.03 for the current year with 174,094,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $3.28 with next year’s EPS projected to be $13.44.

Traders are feeling more bearish on the company lately if you look at the uptick in short interest. The company saw a rise in short interest from September 15, 2017 to September 29, 2017 of 21.51%. Short shares grew from 1,580,677 to 1,920,637 over that period. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.01% as of September 29.