Northrop Grumman Corp. (NYSE:NOC)‘s stock had its “hold” rating reissued by stock analysts at Wells Fargo & Co. in a research report issued on Monday.

NOC has been the subject of a number of other reports. Barclays PLC raised shares of Northrop Grumman Corp. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $230.00 to $270.00 in a research note on Thursday, November 10th. JPMorgan Chase & Co. downgraded shares of Northrop Grumman Corp. from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $231.00 in a research note on Thursday, August 25th. Citigroup Inc. boosted their target price on shares of Northrop Grumman Corp. from $235.00 to $243.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Vetr raised shares of Northrop Grumman Corp. from a “sell” rating to a “hold” rating and set a $251.18 target price for the company in a research note on Thursday, November 10th. Finally, Robert W. Baird started coverage on shares of Northrop Grumman Corp. in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $260.00 target price for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus 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 247.45 on Monday. Northrop Grumman Corp. has a 1-year low of $175.00 and a 1-year high of $251.88. The company has a 50-day moving average of $222.03 and a 200-day moving average of $217.11. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 21.12 and a beta of 0.66.

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 the Zacks’ consensus estimate of $2.81 by $0.54. Northrop Grumman Corp. had a net margin of 8.96% and a return on equity of 34.10%. The company earned $6.20 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Analysts predict that Northrop Grumman Corp. will post $11.72 earnings per share for the current year.

In other news, CFO Kenneth L. Bedingfield sold 125 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $212.20, for a total value of $26,525.00. Following the completion of the transaction, the chief financial officer now owns 18,626 shares in the company, valued at $3,952,437.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Denise M. Peppard sold 1,912 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $228.42, for a total transaction of $436,739.04. Following the transaction, the vice president now owns 35,372 shares of the company’s stock, valued at approximately $8,079,672.24. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in NOC. Quadrant Capital Group LLC boosted its position in shares of Northrop Grumman Corp. by 13.9% in the second quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $106,000 after buying an additional 61 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Northrop Grumman Corp. by 446.7% in the second quarter. Dubuque Bank & Trust Co. now owns 492 shares of the company’s stock valued at $109,000 after buying an additional 402 shares during the last quarter. Community Bank N.A. boosted its position in shares of Northrop Grumman Corp. by 4.0% in the third quarter. Community Bank N.A. now owns 520 shares of the company’s stock valued at $111,000 after buying an additional 20 shares during the last quarter. Integrated Wealth Management boosted its position in shares of Northrop Grumman Corp. by 148.3% in the third quarter. Integrated Wealth Management now owns 524 shares of the company’s stock valued at $112,000 after buying an additional 313 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Northrop Grumman Corp. by 140.4% in the third quarter. Penserra Capital Management LLC now owns 541 shares of the company’s stock valued at $115,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 82.62% 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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