Northrop Grumman (NYSE:NOC) PT Raised to $565.00

Northrop Grumman (NYSE:NOC) had its price objective increased by analysts at Wells Fargo & Company from $509.00 to $565.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.89% from the company’s current price.

Several other analysts have also weighed in on the stock. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research note on Tuesday, August 27th. Royal Bank of Canada lifted their price target on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Morgan Stanley lifted their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. UBS Group lifted their price target on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the company from $474.00 to $575.00 in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $538.50.

Northrop Grumman Stock Up 1.4 %

Northrop Grumman stock opened at $523.68 on Friday. The firm has a 50 day moving average price of $522.88 and a two-hundred day moving average price of $480.30. The firm has a market cap of $76.58 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.38 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. Northrop Grumman has a 52-week low of $418.60 and a 52-week high of $555.57.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. Northrop Grumman’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.18 EPS. Equities analysts predict that Northrop Grumman will post 25.16 EPS for the current year.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 1,490 shares of company stock worth $747,372 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Northrop Grumman

Hedge funds have recently made changes to their positions in the business. Diversify Advisory Services LLC bought a new stake in shares of Northrop Grumman during the 1st quarter worth $870,000. Norden Group LLC bought a new position in Northrop Grumman during the first quarter worth about $778,000. Aviso Wealth Management raised its position in shares of Northrop Grumman by 110.7% in the second quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 996 shares during the period. Susquehanna International Securities Ltd. purchased a new stake in shares of Northrop Grumman during the 2nd quarter valued at approximately $1,133,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Northrop Grumman by 9.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock worth $74,027,000 after buying an additional 14,275 shares during the period. 83.40% of the stock is currently owned by institutional investors.

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.