Deutsche Bank AG reaffirmed their buy rating on shares of Northrop Grumman Corporation (NYSE:NOC) in a research note issued to investors on Monday morning. Deutsche Bank AG currently has a $325.00 target price on the aerospace company’s stock, up from their prior target price of $285.00.

NOC has been the subject of a number of other reports. Stifel Nicolaus reissued a hold rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. BidaskClub raised shares of Northrop Grumman Corporation from a hold rating to a buy rating in a research note on Saturday, August 12th. Jefferies Group LLC reaffirmed a hold rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Royal Bank Of Canada set a $294.00 price objective on shares of Northrop Grumman Corporation and gave the company a buy rating in a report on Tuesday, August 29th. Finally, Zacks Investment Research lowered shares of Northrop Grumman Corporation from a buy rating to a hold rating in a report on Monday, September 18th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $276.72.

Shares of Northrop Grumman Corporation (NOC) opened at 289.90 on Monday. Northrop Grumman Corporation has a 52-week low of $212.02 and a 52-week high of $289.95. The stock has a market capitalization of $50.47 billion, a PE ratio of 22.14 and a beta of 0.68. The stock has a 50 day moving average of $273.26 and a 200 day moving average of $258.24.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the prior year, the company posted $2.85 EPS. Northrop Grumman Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is 30.56%.

In related news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Concert Wealth Management Inc. boosted its holdings in shares of Northrop Grumman Corporation by 0.7% in the 1st quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after buying an additional 8 shares in the last quarter. Salem Investment Counselors Inc. grew its position in shares of Northrop Grumman Corporation by 1.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after buying an additional 10 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Northrop Grumman Corporation by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after buying an additional 10 shares during the last quarter. Argent Trust Co grew its position in shares of Northrop Grumman Corporation by 0.7% in the 1st 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, Bank of Stockton grew its position in shares of Northrop Grumman Corporation by 0.9% in the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 81.37% of the company’s stock.

About Northrop Grumman Corporation

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)

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