Northrop Grumman (NYSE:NOC) PT Raised to $565.00

Northrop Grumman (NYSE:NOC) had its price target upped by research analysts at Wells Fargo & Company from $509.00 to $565.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.79% from the stock’s current price.

NOC has been the topic of several other reports. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Tuesday, August 27th. UBS Group lifted their target price on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Citigroup raised their price target on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, TD Cowen upgraded Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $547.44.

Northrop Grumman Stock Performance

NOC opened at $519.35 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $75.95 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.34. The business’s 50-day moving average price is $523.54 and its two-hundred day moving average price is $481.03. Northrop Grumman has a 1 year low of $418.60 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the business posted $6.18 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Northrop Grumman will post 25.16 EPS for the current fiscal year.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,490 shares of company stock worth $747,372 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOC. Capital International Investors grew its stake in shares of Northrop Grumman by 5.6% in the first 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 in the last quarter. JPMorgan Chase & Co. raised its stake in Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after purchasing an additional 211,459 shares in the last quarter. Capital World Investors boosted its holdings in Northrop Grumman by 0.6% in the 1st 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 period. Legal & General Group Plc grew its position in shares of Northrop Grumman by 16.0% during the 2nd 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 increased its holdings 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 worth $297,937,000 after purchasing an additional 125,262 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Company Profile

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.