Northrop Grumman Corporation (NYSE:NOC) had its price target increased by research analysts at Argus from $270.00 to $295.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the aerospace company’s stock. Argus’ price target would suggest a potential upside of 9.57% from the company’s current price.

A number of other research analysts have also commented on the company. BidaskClub lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG reissued a “buy” rating and set a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Cowen and Company reissued a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Northrop Grumman Corporation currently has an average rating of “Buy” and an average target price of $258.47.

Northrop Grumman Corporation (NYSE NOC) traded up 0.17% during trading on Friday, hitting $269.24. 653,027 shares of the stock were exchanged. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $269.24. The company has a market cap of $46.89 billion, a price-to-earnings ratio of 20.57 and a beta of 0.66. The stock’s 50 day moving average is $261.05 and its 200-day moving average is $247.53.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $2.85 earnings per share. On average, equities research analysts expect that Northrop Grumman Corporation will post $12.56 earnings per share for the current fiscal year.

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In related news, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total value of $1,000,220.00. Following the transaction, the vice president now owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares in the company, valued at approximately $252,983.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,954 shares of company stock worth $8,531,833. 0.70% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new position in shares of Northrop Grumman Corporation during the first quarter worth $108,000. First Personal Financial Services boosted its position in shares of Northrop Grumman Corporation by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after buying an additional 121 shares in the last quarter. Horan Capital Management bought a new position in shares of Northrop Grumman Corporation during the first quarter worth $115,000. Dubuque Bank & Trust Co. boosted its position in shares of Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock worth $119,000 after buying an additional 9 shares in the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock worth $130,000 after buying an additional 212 shares in the last quarter. 81.75% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Analyst Recommendations for Northrop Grumman Corporation (NYSE:NOC)

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