Northrop Grumman Co. (NOC) Receives Average Rating of “Buy” from Brokerages

Shares of Northrop Grumman Co. (NYSE:NOC) have been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $315.36.

NOC has been the topic of several research analyst reports. Cowen restated a “hold” rating and issued a $300.00 price target (up from $275.00) on shares of Northrop Grumman in a research report on Thursday, October 26th. Royal Bank of Canada set a $374.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, November 16th. Bank of America set a $350.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Goldman Sachs Group set a $320.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.

In other news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its holdings in Northrop Grumman by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,929,128 shares of the aerospace company’s stock valued at $842,768,000 after purchasing an additional 9,159 shares during the last quarter. Capital International Investors lifted its holdings in Northrop Grumman by 29.4% during the 3rd quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock valued at $654,542,000 after purchasing an additional 516,427 shares during the last quarter. Legal & General Group Plc lifted its holdings in Northrop Grumman by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 880,614 shares of the aerospace company’s stock valued at $253,337,000 after purchasing an additional 9,729 shares during the last quarter. Swiss National Bank lifted its holdings in Northrop Grumman by 0.8% during the 3rd quarter. Swiss National Bank now owns 702,884 shares of the aerospace company’s stock valued at $202,234,000 after purchasing an additional 5,700 shares during the last quarter. Finally, AGF Investments Inc. lifted its holdings in Northrop Grumman by 3.3% during the 3rd quarter. AGF Investments Inc. now owns 690,718 shares of the aerospace company’s stock valued at $198,733,000 after purchasing an additional 21,851 shares during the last quarter. 81.23% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman (NOC) traded up $5.21 during trading hours on Tuesday, reaching $327.58. 1,347,672 shares of the company were exchanged, compared to its average volume of 935,474. Northrop Grumman has a 1-year low of $231.98 and a 1-year high of $349.18. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04. The firm has a market cap of $55,860.00, a price-to-earnings ratio of 28.17, a PEG ratio of 2.43 and a beta of 0.82.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.07. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $2.96 EPS. equities analysts anticipate that Northrop Grumman will post 15.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be given a dividend of $1.10 per share. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, March 2nd. Northrop Grumman’s payout ratio is 34.87%.

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Northrop Grumman 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 (NYSE:NOC)

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