Alembic Global Advisors Upgrades Northrop Grumman (NYSE:NOC) to Overweight

Northrop Grumman (NYSE:NOC) was upgraded by stock analysts at Alembic Global Advisors from a “neutral” rating to an “overweight” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a $662.00 price objective on the aerospace company’s stock. Alembic Global Advisors’ price target indicates a potential upside of 16.36% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Truist Financial raised their price target on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. UBS Group boosted their price objective on shares of Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $651.18.

Northrop Grumman Stock Down 1.2%

Shares of NOC opened at $568.94 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The stock has a market capitalization of $81.20 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 4.98 and a beta of 0.05. Northrop Grumman has a 1 year low of $426.24 and a 1 year high of $640.90. The business’s 50 day simple moving average is $578.22 and its 200-day simple moving average is $561.44.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business earned $7.00 earnings per share. Northrop Grumman’s quarterly revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities analysts expect that Northrop Grumman will post 28.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NOC. Financial Life Planners purchased a new position in shares of Northrop Grumman in the third quarter worth about $27,000. Physician Wealth Advisors Inc. raised its stake in shares of Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Northrop Grumman in the 2nd quarter valued at about $25,000. Hopwood Financial Services Inc. purchased a new position in Northrop Grumman in the third quarter worth approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Northrop Grumman during the third quarter worth approximately $32,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.