Northrop Grumman (NYSE:NOC) Price Target Lowered to $587.00 at Citigroup

Northrop Grumman (NYSE:NOC) had its price target decreased by equities research analysts at Citigroup from $628.00 to $587.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price points to a potential upside of 12.85% from the company’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley dropped their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Jefferies Financial Group lowered their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Weiss Ratings downgraded Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. BTIG Research reissued a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $698.37.

Northrop Grumman Stock Performance

NOC traded up $10.83 on Wednesday, reaching $520.14. The company had a trading volume of 176,322 shares, compared to its average volume of 942,850. The stock has a market cap of $73.88 billion, a P/E ratio of 16.28, a P/E/G ratio of 3.38 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman has a fifty-two week low of $489.52 and a fifty-two week high of $774.00. The company’s fifty day moving average is $549.66 and its 200 day moving average is $627.55.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the business posted $6.06 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict that Northrop Grumman will post 27.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of Northrop Grumman in the 3rd quarter valued at approximately $27,000. Torren Management LLC acquired a new position in Northrop Grumman during the 4th quarter worth approximately $26,000. Karpus Management Inc. bought a new position in Northrop Grumman in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC lifted its stake in Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 38 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.