Northrop Grumman (NYSE:NOC) Price Target Raised to $690.00

Northrop Grumman (NYSE:NOC) had its target price hoisted by Susquehanna from $650.00 to $690.00 in a research report released on Wednesday morning, Marketbeat.com reports. They currently have a positive rating on the aerospace company’s stock.

Several other analysts have also recently weighed in on the company. Truist Financial lifted their price objective on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Robert W. Baird lifted their price objective on Northrop Grumman from $547.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. BTIG Research lifted their price objective on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price objective on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Trading Down 0.0%

Shares of NOC stock opened at $605.67 on Wednesday. The stock has a market capitalization of $86.44 billion, a PE ratio of 21.79, a P/E/G ratio of 5.02 and a beta of 0.10. Northrop Grumman has a 1-year low of $426.24 and a 1-year high of $640.90. The business has a 50-day moving average of $594.41 and a 200 day moving average of $540.62. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.93.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the business earned $7.00 EPS. Northrop Grumman’s revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, sell-side analysts anticipate that Northrop Grumman will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were issued a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s payout ratio is presently 33.24%.

Hedge Funds Weigh In On Northrop Grumman

Hedge funds have recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new position in Northrop Grumman in the 2nd quarter worth approximately $25,000. IMA Advisory Services Inc. purchased a new position in Northrop Grumman in the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new position in Northrop Grumman in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new position in Northrop Grumman in the 1st quarter worth approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Northrop Grumman in the 2nd quarter worth approximately $31,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

About Northrop Grumman

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.