Northrop Grumman Co. (NYSE:NOC) Given Average Recommendation of “Buy” by Analysts

Northrop Grumman Co. (NYSE:NOC) has been assigned a consensus rating of “Buy” from the nineteen analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $329.85.

A number of equities research analysts recently commented on NOC shares. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 30th. Barclays upped their price target on shares of Northrop Grumman from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. UBS Group upped their price target on shares of Northrop Grumman from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Susquehanna Bancshares upgraded shares of Northrop Grumman from a “neutral” rating to a “positive” rating and upped their price target for the company from $309.00 to $315.00 in a report on Friday, April 5th. Finally, ValuEngine upgraded shares of Northrop Grumman from a “sell” rating to a “hold” rating in a report on Friday, May 17th.

NYSE:NOC traded down $2.05 during mid-day trading on Friday, hitting $319.10. 3,122 shares of the stock traded hands, compared to its average volume of 889,086. The firm’s 50-day moving average is $308.90. The company has a market cap of $54.53 billion, a P/E ratio of 15.05, a PEG ratio of 1.29 and a beta of 0.79. Northrop Grumman has a 12-month low of $223.63 and a 12-month high of $325.28. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.10 and a current ratio of 1.18.



Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $5.06 EPS for the quarter, beating the Zacks’ consensus estimate of $4.59 by $0.47. Northrop Grumman had a net margin of 9.67% and a return on equity of 41.42%. The company had revenue of $8.19 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same period in the prior year, the business posted $4.21 EPS. The firm’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts predict that Northrop Grumman will post 19.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Monday, June 3rd were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.65%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.20. The ex-dividend date was Friday, May 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.75%.

In related news, Director Madeleine Kleiner sold 971 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $315.16, for a total value of $306,020.36. Following the completion of the transaction, the director now directly owns 16,675 shares in the company, valued at approximately $5,255,293. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Wesley G. Bush sold 50,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $291.59, for a total transaction of $14,579,500.00. Following the sale, the chairman now directly owns 46,275 shares in the company, valued at $13,493,327.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,903 shares of company stock valued at $15,484,440. 0.45% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. SVA Plumb Wealth Management LLC boosted its holdings in shares of Northrop Grumman by 2.5% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 1,433 shares of the aerospace company’s stock valued at $386,000 after acquiring an additional 35 shares during the last quarter. WealthPLAN Partners LLC boosted its holdings in shares of Northrop Grumman by 4.8% during the 1st quarter. WealthPLAN Partners LLC now owns 828 shares of the aerospace company’s stock valued at $244,000 after acquiring an additional 38 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Northrop Grumman by 31.3% during the 4th quarter. Penserra Capital Management LLC now owns 168 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 40 shares during the last quarter. First Personal Financial Services boosted its holdings in shares of Northrop Grumman by 6.5% during the 1st quarter. First Personal Financial Services now owns 658 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of Northrop Grumman by 1.5% during the 1st quarter. Princeton Global Asset Management LLC now owns 2,735 shares of the aerospace company’s stock valued at $737,000 after acquiring an additional 40 shares during the last quarter. 83.20% of the stock is currently owned by institutional investors.

About Northrop Grumman

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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