BidaskClub downgraded shares of Northrop Grumman Corporation (NYSE:NOC) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus restated a hold rating and issued a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Jefferies Group LLC restated a hold rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Vertical Research upgraded Northrop Grumman Corporation from a hold rating to a buy rating and upped their price target for the stock from $254.00 to $270.00 in a research report on Wednesday, May 10th. Cowen and Company restated a hold rating and issued a $275.00 price target on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Finally, Deutsche Bank AG restated a buy rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $255.42.

Shares of Northrop Grumman Corporation (NOC) traded up 0.73% during midday trading on Monday, hitting $268.78. The stock had a trading volume of 602,096 shares. The stock’s 50-day moving average is $261.05 and its 200-day moving average is $247.53. Northrop Grumman Corporation has a 12 month low of $206.69 and a 12 month high of $268.90. The stock has a market cap of $46.79 billion, a PE ratio of 20.53 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.85 earnings per share. Equities analysts anticipate that Northrop Grumman Corporation will post $12.46 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Northrop Grumman Corporation (NOC) Downgraded by BidaskClub” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/03/northrop-grumman-corporation-noc-downgraded-by-bidaskclub.html.

In related news, VP Sid Ashworth sold 3,847 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the sale, the vice president now owns 69,458 shares in the company, valued at $18,059,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa R. Davis sold 367 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the sale, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The disclosure for this sale can be found here. Insiders have sold 33,954 shares of company stock valued at $8,531,833 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in NOC. Benjamin F. Edwards & Company Inc. boosted its stake in Northrop Grumman Corporation by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock valued at $199,000 after buying an additional 3 shares in the last quarter. Concert Wealth Management Inc. raised its position in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after buying an additional 8 shares during the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock worth $119,000 after buying an additional 9 shares during the last quarter. Argent Trust Co raised its position in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after buying an additional 11 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the aerospace company’s stock worth $739,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 81.75% of the company’s stock.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Analyst Recommendations for Northrop Grumman Corporation (NYSE:NOC)

Receive News & Stock Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related stocks with our FREE daily email newsletter.