Shares of Northrop Grumman Corporation (NYSE:NOC) have earned an average rating of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $269.86.

A number of research firms have issued reports on NOC. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $309.00 price objective on shares of Northrop Grumman Corporation in a research report on Wednesday, August 23rd. Cowen and Company restated a “hold” rating and issued a $275.00 price objective on shares of Northrop Grumman Corporation in a research report on Thursday, August 24th. Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 price objective on the stock. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Argus boosted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th.

Shares of Northrop Grumman Corporation (NOC) traded up 0.59% during mid-day trading on Friday, reaching $267.45. 861,508 shares of the company’s stock were exchanged. The stock has a market cap of $46.56 billion, a PE ratio of 20.43 and a beta of 0.66. The company has a 50 day moving average price of $268.09 and a 200-day moving average price of $254.16. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data 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. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the company earned $2.85 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 28th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is currently 30.56%.

In related news, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the sale, the vice president now directly owns 69,458 shares in the company, valued at approximately $18,059,080. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC bought a new stake in Northrop Grumman Corporation during the first quarter worth about $108,000. Hanseatic Management Services Inc. boosted its stake in Northrop Grumman Corporation by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 48 shares in the last quarter. First Personal Financial Services boosted its stake in Northrop Grumman Corporation by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 121 shares in the last quarter. Pittenger & Anderson Inc. boosted its stake in Northrop Grumman Corporation by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 100 shares in the last quarter. Finally, People s United Financial Inc. boosted its stake in Northrop Grumman Corporation by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after acquiring an additional 40 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

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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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