Northrop Grumman (NYSE:NOC) Price Target Raised to $815.00

Northrop Grumman (NYSE:NOC) had its price target hoisted by BTIG Research from $680.00 to $815.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Several other research firms have also recently weighed in on NOC. Truist Financial restated a “hold” rating and set a $623.00 target price (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. JPMorgan Chase & Co. raised their price objective on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Susquehanna reiterated a “positive” rating and issued a $752.00 target price on shares of Northrop Grumman in a research report on Thursday, January 15th. Morgan Stanley reissued an “overweight” rating and issued a $714.00 target price on shares of Northrop Grumman in a report on Tuesday, December 16th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.72.

Northrop Grumman Stock Down 0.4%

NOC stock opened at $692.54 on Wednesday. Northrop Grumman has a 52 week low of $426.24 and a 52 week high of $705.45. The business has a 50-day simple moving average of $599.59 and a 200 day simple moving average of $588.40. The company has a quick ratio of 0.98, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The company has a market cap of $98.28 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 5.09 and a beta of 0.05.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating the consensus estimate of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The firm had revenue of $11.71 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm earned $6.39 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts anticipate that Northrop Grumman will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st were paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total value of $1,845,000.00. Following the sale, the chief executive officer owned 191,602 shares in the company, valued at approximately $117,835,230. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Welsh III sold 97 shares of the stock in a transaction dated 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 sale, the director directly owned 4,281 shares of the company’s stock, valued at approximately $2,414,826.48. The trade was a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is currently owned by insiders.

Institutional Trading of Northrop Grumman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOC. Sigma Planning Corp boosted its stake in shares of Northrop Grumman by 2.2% in the 4th quarter. Sigma Planning Corp now owns 6,205 shares of the aerospace company’s stock valued at $3,538,000 after purchasing an additional 135 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Northrop Grumman by 9.7% in the fourth quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after buying an additional 9,924 shares during the period. Laurel Wealth Advisors LLC bought a new stake in Northrop Grumman during the fourth quarter valued at $208,000. WoodTrust Financial Corp grew its holdings in Northrop Grumman by 1.5% during the 4th quarter. WoodTrust Financial Corp now owns 12,772 shares of the aerospace company’s stock worth $7,283,000 after acquiring an additional 186 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Northrop Grumman by 272.8% in the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after acquiring an additional 293,909 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.