Northrop Grumman (NYSE:NOC) had its price objective hoisted by Credit Suisse Group from $326.00 to $341.00 in a research report report published on Wednesday morning. They currently have a neutral rating on the aerospace company’s stock.
A number of other research analysts have also weighed in on NOC. ValuEngine lowered Northrop Grumman from a buy rating to a hold rating in a report on Tuesday, June 12th. Zacks Investment Research raised Northrop Grumman from a hold rating to a buy rating and set a $379.00 target price for the company in a report on Monday, June 11th. Sanford C. Bernstein reduced their target price on Northrop Grumman from $369.00 to $352.00 and set a market perform rating for the company in a report on Thursday, April 26th. Royal Bank of Canada lifted their target price on Northrop Grumman to $431.00 and gave the company an outperform rating in a report on Friday, May 18th. Finally, Citigroup reaffirmed a buy rating and set a $405.00 target price on shares of Northrop Grumman in a report on Monday, March 12th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Northrop Grumman presently has a consensus rating of Buy and a consensus target price of $364.76.
Northrop Grumman opened at $305.26 on Wednesday, Marketbeat Ratings reports. The company has a quick ratio of 2.45, a current ratio of 2.52 and a debt-to-equity ratio of 1.87. The stock has a market cap of $53.94 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 1.93 and a beta of 0.76. Northrop Grumman has a twelve month low of $252.82 and a twelve month high of $360.88.
Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, April 25th. The aerospace company reported $4.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.63 by $0.58. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.62 billion. Northrop Grumman had a return on equity of 35.83% and a net margin of 8.05%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.63 EPS. sell-side analysts expect that Northrop Grumman will post 16.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Monday, June 4th were issued a dividend of $1.20 per share. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, June 1st. This represents a $4.80 annualized dividend and a dividend yield of 1.57%. Northrop Grumman’s payout ratio is presently 36.14%.
In other news, VP Janis G. Pamiljans sold 955 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $338.85, for a total transaction of $323,601.75. Following the completion of the transaction, the vice president now owns 10,466 shares of the company’s stock, valued at $3,546,404.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Navellier & Associates Inc boosted its stake in Northrop Grumman by 1.8% in the first quarter. Navellier & Associates Inc now owns 8,663 shares of the aerospace company’s stock worth $3,024,000 after buying an additional 155 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Northrop Grumman by 0.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,866 shares of the aerospace company’s stock worth $17,409,000 after buying an additional 186 shares in the last quarter. Brown Advisory Inc. boosted its stake in Northrop Grumman by 2.1% in the fourth quarter. Brown Advisory Inc. now owns 9,324 shares of the aerospace company’s stock worth $2,862,000 after buying an additional 189 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Northrop Grumman by 7.0% in the first quarter. Federated Investors Inc. PA now owns 2,889 shares of the aerospace company’s stock worth $1,009,000 after buying an additional 189 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Northrop Grumman by 16.3% in the first quarter. Global X Management Co. LLC now owns 1,361 shares of the aerospace company’s stock worth $475,000 after buying an additional 191 shares in the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.
Northrop Grumman Company Profile
Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.
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