Northrop Grumman (NYSE:NOC) PT Raised to $540.00

by · The Markets Daily

Northrop Grumman (NYSE:NOC – Get Free Report) had its target price lifted by research analysts at Royal Bank of Canada from $500.00 to $540.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the aerospace company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 3.98% from the stock’s current price.

Several other equities analysts also recently weighed in on NOC. Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research report on Tuesday, August 27th. Susquehanna increased their target price on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and raised their target price for the stock from $474.00 to $575.00 in a report on Monday, July 29th. Wells Fargo & Company upped their price target on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a report on Friday. Finally, StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $547.44.

Check Out Our Latest Research Report on NOC

Northrop Grumman Price Performance

Northrop Grumman stock opened at $519.35 on Friday. Northrop Grumman has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average is $523.54 and its 200 day moving average is $481.22. The company has a market cap of $75.95 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.38 and a beta of 0.34.

Northrop Grumman (NYSE:NOC – Get Free Report) last announced its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.18 EPS. Sell-side analysts forecast that Northrop Grumman will post 25.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,490 shares of company stock worth $747,372 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

A number of large investors have recently bought and sold shares of the business. Capital International Investors increased its holdings in shares of Northrop Grumman by 5.6% in the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after acquiring an additional 621,636 shares during the period. JPMorgan Chase & Co. boosted its position in Northrop Grumman by 4.8% during the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after purchasing an additional 211,459 shares in the last quarter. Capital World Investors grew its stake in Northrop Grumman by 0.6% in the first quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after purchasing an additional 23,398 shares during the last quarter. Legal & General Group Plc raised its holdings in Northrop Grumman by 16.0% in the second quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after purchasing an additional 150,367 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Northrop Grumman by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after buying an additional 125,262 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Company Profile

(Get Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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