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

Shares of Northrop Grumman Co. (NYSE:NOC) have been assigned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $373.08.

NOC has been the topic of several recent analyst reports. Susquehanna Bancshares dropped their price target on Northrop Grumman from $380.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, January 29th. Morgan Stanley dropped their price target on Northrop Grumman from $453.00 to $447.00 and set an “overweight” rating on the stock in a research report on Monday, February 8th. Susquehanna dropped their price target on Northrop Grumman from $380.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, January 29th. They noted that the move was a valuation call. Robert W. Baird lowered Northrop Grumman from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $386.00 to $331.00 in a report on Thursday, January 7th. Finally, Credit Suisse Group decreased their price objective on Northrop Grumman from $377.00 to $353.00 and set an “outperform” rating on the stock in a report on Friday, January 29th.

Shares of NOC stock traded up $2.15 during trading on Thursday, reaching $336.12. The company had a trading volume of 968,555 shares, compared to its average volume of 1,177,774. The firm’s 50 day simple moving average is $307.18 and its two-hundred day simple moving average is $305.44. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.44 and a quick ratio of 1.36. Northrop Grumman has a one year low of $282.88 and a one year high of $357.12. The company has a market capitalization of $56.04 billion, a PE ratio of 22.84 and a beta of 0.75.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, January 28th. The aerospace company reported $6.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.70 by $0.89. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.25 billion. Northrop Grumman had a return on equity of 40.02% and a net margin of 6.94%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $5.61 EPS. Analysts forecast that Northrop Grumman will post 22.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Monday, March 1st were paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, February 26th. Northrop Grumman’s dividend payout ratio is 27.35%.

In other Northrop Grumman news, VP David T. Perry sold 5,552 shares of the business’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $299.72, for a total value of $1,664,045.44. Following the transaction, the vice president now owns 7,414 shares of the company’s stock, valued at $2,222,124.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Janis G. Pamiljans sold 801 shares of the business’s stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $295.80, for a total value of $236,935.80. Following the completion of the transaction, the vice president now directly owns 12,466 shares in the company, valued at approximately $3,687,442.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,286 shares of company stock worth $4,294,598. 0.27% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. KMG Fiduciary Partners LLC boosted its stake in Northrop Grumman by 8.1% in the first quarter. KMG Fiduciary Partners LLC now owns 5,693 shares of the aerospace company’s stock worth $1,843,000 after purchasing an additional 427 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Northrop Grumman by 55.3% during the first quarter. Carroll Financial Associates Inc. now owns 160 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 57 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in shares of Northrop Grumman by 1.1% during the first quarter. LVM Capital Management Ltd. MI now owns 22,863 shares of the aerospace company’s stock worth $7,399,000 after acquiring an additional 245 shares during the last quarter. Means Investment CO. Inc. raised its position in shares of Northrop Grumman by 3.8% during the first quarter. Means Investment CO. Inc. now owns 6,558 shares of the aerospace company’s stock worth $2,122,000 after acquiring an additional 239 shares during the last quarter. Finally, Canandaigua National Corp raised its position in shares of Northrop Grumman by 25.2% during the first quarter. Canandaigua National Corp now owns 4,774 shares of the aerospace company’s stock worth $1,545,000 after acquiring an additional 961 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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