Northrop Grumman (NYSE:NOC) Given New $625.00 Price Target at Susquehanna

Northrop Grumman (NYSE:NOC) had its target price lifted by stock analysts at Susquehanna from $560.00 to $625.00 in a report issued on Friday, Benzinga reports. The firm currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price target suggests a potential upside of 19.43% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. TD Cowen upgraded Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price target on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and increased their price objective for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Citigroup boosted their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, UBS Group increased their price target on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $542.56.

Northrop Grumman Stock Down 0.1 %

NOC stock traded down $0.35 during midday trading on Friday, reaching $523.33. 39,512 shares of the company’s stock traded hands, compared to its average volume of 871,313. Northrop Grumman has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a market cap of $76.53 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.38 and a beta of 0.34. The firm’s fifty day moving average price is $522.88 and its 200-day moving average price is $480.30. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results 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 business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.18 EPS. As a group, sell-side analysts forecast that Northrop Grumman will post 25.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 1,490 shares of company stock valued at $747,372. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC increased its position in shares of Northrop Grumman by 13.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,540 shares of the aerospace company’s stock worth $737,000 after purchasing an additional 182 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Northrop Grumman by 15.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 39,608 shares of the aerospace company’s stock worth $18,959,000 after acquiring an additional 5,184 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Northrop Grumman by 5.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,773 shares of the aerospace company’s stock valued at $2,763,000 after acquiring an additional 306 shares during the last quarter. Founders Financial Securities LLC raised its position in Northrop Grumman by 6.2% during the first quarter. Founders Financial Securities LLC now owns 2,281 shares of the aerospace company’s stock valued at $1,092,000 after purchasing an additional 134 shares in the last quarter. Finally, River Street Advisors LLC lifted its stake in Northrop Grumman by 105.6% during the first quarter. River Street Advisors LLC now owns 1,293 shares of the aerospace company’s stock worth $619,000 after purchasing an additional 664 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other 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.