Share on StockTwits

Northrop Grumman (NYSE:NOC) shares hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Network reports. The stock traded as high as $128.72 and last traded at $128.24, with a volume of 565,649 shares trading hands. The stock had previously closed at $127.22.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Northrop Grumman in a research note on Tuesday. They now have a $134.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Northrop Grumman from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $148.00 price target on the stock, up previously from $143.00. They noted that the move was a valuation call. Finally, analysts at Barclays raised their price target on shares of Northrop Grumman from $130.00 to $132.00 in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $128.79.

The stock’s 50-day moving average is $125.2 and its 200-day moving average is $122.1. The company has a market cap of $26.712 billion and a price-to-earnings ratio of 13.73.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.15. The company had revenue of $6.00 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts predict that Northrop Grumman will post $9.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, August 28th.

Northrop Grumman Corporation (NYSE:NOC) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.