Northrop Grumman (NYSE:NOC) PT Raised to $643.00 at UBS Group

Northrop Grumman (NYSE:NOC) had its price target upped by UBS Group from $614.00 to $643.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other equities analysts have also issued research reports about the company. Susquehanna boosted their price objective on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research note on Friday. Barclays upped their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Tuesday, August 27th. JPMorgan Chase & Co. increased their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $547.44.

Northrop Grumman Trading Down 1.4 %

Shares of NOC stock opened at $512.13 on Friday. The stock’s fifty day moving average is $523.68 and its two-hundred day moving average is $481.77. The firm has a market capitalization of $74.62 billion, a P/E ratio of 31.73, a PEG ratio of 2.31 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. Northrop Grumman has a fifty-two week low of $418.60 and a fifty-two week high of $555.57.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the company earned $6.18 EPS. Northrop Grumman’s revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Northrop Grumman will post 25.87 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.61%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,490 shares of company stock worth $747,372 in the last three months. 0.22% of the stock is owned by insiders.

Institutional Trading of Northrop Grumman

Large investors have recently added to or reduced their stakes in the business. Americana Partners LLC raised its stake in shares of Northrop Grumman by 27.7% in the 3rd quarter. Americana Partners LLC now owns 1,607 shares of the aerospace company’s stock worth $849,000 after buying an additional 349 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in shares of Northrop Grumman by 16.9% in the third quarter. Gladstone Institutional Advisory LLC now owns 787 shares of the aerospace company’s stock valued at $416,000 after purchasing an additional 114 shares in the last quarter. Stephens Inc. AR boosted its position in Northrop Grumman by 4.9% during the 3rd quarter. Stephens Inc. AR now owns 12,513 shares of the aerospace company’s stock worth $6,608,000 after acquiring an additional 583 shares during the period. Aspen Wealth Strategies LLC acquired a new position in shares of Northrop Grumman in the 3rd quarter valued at about $447,000. Finally, Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of Northrop Grumman in the third quarter worth approximately $215,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

About Northrop Grumman

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.