Northrop Grumman Co. (NYSE:NOC) has been assigned a consensus rating of “Buy” from the eighteen analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $302.21.
Several research analysts recently weighed in on the company. 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. Stifel Nicolaus reissued a “hold” rating and set a $315.00 price target on shares of Northrop Grumman in a research report on Tuesday. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “hold” rating and issued a $300.00 target price (up from $275.00) on shares of Northrop Grumman in a research report on Thursday, October 26th. Finally, Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, October 26th.
In related news, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the sale, the vice president now owns 28,553 shares in the company, valued at approximately $8,590,455.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sid Ashworth sold 6,311 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in NOC. Beach Investment Management LLC. bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $257,000. Northwestern Mutual Wealth Management Co. boosted its stake in Northrop Grumman by 55.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,138 shares of the aerospace company’s stock valued at $806,000 after purchasing an additional 1,114 shares during the period. Stephens Inc. AR boosted its stake in Northrop Grumman by 13.9% during the 2nd quarter. Stephens Inc. AR now owns 4,192 shares of the aerospace company’s stock valued at $1,076,000 after purchasing an additional 510 shares during the period. Seven Eight Capital LP bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $154,000. Finally, Norinchukin Bank The boosted its stake in Northrop Grumman by 6.8% during the 2nd quarter. Norinchukin Bank The now owns 12,115 shares of the aerospace company’s stock valued at $3,110,000 after purchasing an additional 769 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.
Northrop Grumman (NYSE:NOC) traded up $1.94 during trading hours on Friday, reaching $309.55. The company had a trading volume of 493,100 shares, compared to its average volume of 690,100. The firm has a market capitalization of $54,830.00, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69. Northrop Grumman has a 52-week low of $223.88 and a 52-week high of $312.93. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman had a return on equity of 41.69% and a net margin of 9.88%. Northrop Grumman’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 earnings per share. sell-side analysts anticipate that Northrop Grumman will post 13.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.29%. Northrop Grumman’s dividend payout ratio (DPR) is presently 29.81%.
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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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