Northrop Grumman Corp. (NYSE:NOC) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday. The brokerage currently has a $251.18 target price on the stock. Vetr‘s price objective would suggest a potential upside of 1.49% from the company’s current price.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Argus restated a “buy” rating on shares of Northrop Grumman Corp. in a research note on Tuesday, August 2nd. Jefferies Group reiterated a “buy” rating and set a $260.00 price objective (up from $250.00) on shares of Northrop Grumman Corp. in a research report on Friday, October 28th. Vertical Research assumed coverage on Northrop Grumman Corp. in a research report on Friday, October 28th. They set a “hold” rating on the stock. Finally, Robert W. Baird assumed coverage on Northrop Grumman Corp. in a research report on Wednesday, October 5th. They set an “outperform” rating and a $260.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $236.16.

Analyst Recommendations for Northrop Grumman Corp. (NYSE:NOC)

Northrop Grumman Corp. (NYSE:NOC) opened at 247.50 on Thursday. Northrop Grumman Corp. has a 1-year low of $175.00 and a 1-year high of $249.98. The firm has a market capitalization of $43.62 billion, a price-to-earnings ratio of 21.12 and a beta of 0.66. The company has a 50 day moving average price of $222.03 and a 200-day moving average price of $217.11.

Northrop Grumman Corp. (NYSE:NOC) last announced its earnings results on Wednesday, October 26th. The company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.54. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.01 billion. Northrop Grumman Corp. had a return on equity of 34.10% and a net margin of 8.96%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 EPS. On average, analysts forecast that Northrop Grumman Corp. will post $11.72 EPS for the current fiscal year.

In other news, VP Denise M. Peppard sold 1,912 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $228.42, for a total value of $436,739.04. Following the completion of the transaction, the vice president now owns 35,372 shares in the company, valued at approximately $8,079,672.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Denise M. Peppard sold 2,015 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $229.50, for a total value of $462,442.50. Following the completion of the transaction, the vice president now owns 37,284 shares of the company’s stock, valued at approximately $8,556,678. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in Northrop Grumman Corp. by 13.9% in the second quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $106,000 after buying an additional 61 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in Northrop Grumman Corp. by 446.7% in the second quarter. Dubuque Bank & Trust Co. now owns 492 shares of the company’s stock worth $109,000 after buying an additional 402 shares during the last quarter. Community Bank N.A. boosted its position in Northrop Grumman Corp. by 4.0% in the third quarter. Community Bank N.A. now owns 520 shares of the company’s stock worth $111,000 after buying an additional 20 shares during the last quarter. Integrated Wealth Management boosted its position in Northrop Grumman Corp. by 148.3% in the third quarter. Integrated Wealth Management now owns 524 shares of the company’s stock worth $112,000 after buying an additional 313 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in Northrop Grumman Corp. by 140.4% in the third quarter. Penserra Capital Management LLC now owns 541 shares of the company’s stock worth $115,000 after buying an additional 316 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

About Northrop Grumman Corp.

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

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