Northrop Grumman (NYSE:NOC) PT Raised to $560.00

Northrop Grumman (NYSE:NOC) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $500.00 to $560.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.29% from the stock’s current price.

Several other research firms also recently commented on NOC. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Wells Fargo & Company raised their target price on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada increased their price objective on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. One equities research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $535.00.

Northrop Grumman Trading Down 1.4 %

NYSE NOC opened at $526.85 on Monday. The company has a market capitalization of $77.97 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. Northrop Grumman has a 1-year low of $418.60 and a 1-year high of $555.57. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The firm’s fifty day simple moving average is $519.44 and its 200-day simple moving average is $477.71.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The company had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $5.34 EPS. As a group, sell-side analysts anticipate that Northrop Grumman will post 25.16 earnings per share for the current fiscal year.

Insider Activity at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,879 shares of company stock worth $1,410,703. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Northrop Grumman

A number of institutional investors have recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd lifted its position in shares of Northrop Grumman by 1,402.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock worth $6,186,000 after buying an additional 12,065 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Northrop Grumman during the first quarter valued at $870,000. Norden Group LLC acquired a new stake in shares of Northrop Grumman in the 1st quarter valued at $778,000. Aviso Wealth Management grew its holdings in shares of Northrop Grumman by 110.7% in the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after purchasing an additional 996 shares during the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth about $1,133,000. 83.40% of the stock is owned by institutional investors and hedge funds.

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.