Northrop Grumman Co. (NYSE:NOC) – Stock analysts at Jefferies Group increased their Q1 2018 EPS estimates for Northrop Grumman in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Kahyaoglu now expects that the aerospace company will earn $3.75 per share for the quarter, up from their previous forecast of $3.64. Jefferies Group currently has a “Buy” rating and a $400.00 target price on the stock. Jefferies Group also issued estimates for Northrop Grumman’s Q2 2018 earnings at $3.91 EPS, Q3 2018 earnings at $4.18 EPS, Q4 2018 earnings at $3.85 EPS and FY2018 earnings at $15.70 EPS.
NOC has been the topic of a number of other reports. Robert W. Baird reissued a “buy” rating and issued a $394.00 price target on shares of Northrop Grumman in a report on Friday, January 26th. Royal Bank of Canada boosted their price target on Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. raised Northrop Grumman from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $317.00 to $355.00 in a report on Tuesday, December 12th. Zacks Investment Research cut Northrop Grumman from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Wells Fargo & Co raised Northrop Grumman from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Northrop Grumman has a consensus rating of “Buy” and a consensus price target of $326.21.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.75 by $0.07. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.96 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be paid a $1.10 dividend. The ex-dividend date is Friday, March 2nd. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.26%. Northrop Grumman’s dividend payout ratio (DPR) is 34.87%.
Several large investors have recently made changes to their positions in NOC. Icon Wealth Partners LLC purchased a new position in shares of Northrop Grumman in the fourth quarter worth about $100,000. Truewealth LLC acquired a new stake in Northrop Grumman during the fourth quarter worth about $110,000. Ropes Wealth Advisors LLC acquired a new stake in Northrop Grumman in the third quarter valued at approximately $144,000. WFG Advisors LP grew its holdings in Northrop Grumman by 4.9% in the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 28 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Northrop Grumman in the third quarter valued at approximately $154,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
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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.
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