Northrop Grumman (NYSE:NOC) had its price objective hoisted by Robert W. Baird from $300.00 to $364.00 in a research note released on Wednesday morning, The Fly reports. Robert W. Baird currently has an outperform rating on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the stock. Alembic Global Advisors raised shares of Northrop Grumman from a neutral rating to an overweight rating in a report on Tuesday, April 30th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the stock a hold rating in a report on Friday, June 14th. UBS Group reissued a buy rating and set a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Thursday, April 25th. ValuEngine raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Friday, May 17th. Finally, Barclays reissued a buy rating on shares of Netflix in a report on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Northrop Grumman currently has a consensus rating of Buy and a consensus target price of $338.24.

Shares of Northrop Grumman stock traded up $0.87 during trading on Wednesday, hitting $324.93. 552,599 shares of the company’s stock were exchanged, compared to its average volume of 926,806. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.59. The firm’s 50-day simple moving average is $315.72. Northrop Grumman has a 52-week low of $223.63 and a 52-week high of $328.80. The company has a market cap of $54.55 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.59 by $0.47. Northrop Grumman had a net margin of 9.67% and a return on equity of 41.42%. The firm had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.34 billion. During the same quarter last year, the company posted $4.21 earnings per share. The firm’s revenue was up 21.6% compared to the same quarter last year. Sell-side analysts forecast that Northrop Grumman will post 19.41 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Monday, June 3rd were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, May 31st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.20. Northrop Grumman’s dividend payout ratio (DPR) is currently 24.75%.

In related news, Chairman Wesley G. Bush sold 50,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $291.59, for a total transaction of $14,579,500.00. Following the sale, the chairman now owns 46,275 shares in the company, valued at $13,493,327.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Patrick M. Antkowiak sold 1,932 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $310.00, for a total transaction of $598,920.00. Following the sale, the vice president now owns 5,208 shares in the company, valued at approximately $1,614,480. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,903 shares of company stock worth $15,484,440. 0.45% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $1,151,000. Two Sigma Advisers LP grew its position in shares of Northrop Grumman by 24.7% in the fourth quarter. Two Sigma Advisers LP now owns 377,680 shares of the aerospace company’s stock valued at $92,494,000 after purchasing an additional 74,900 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $1,146,000. Sciencast Management LP acquired a new stake in shares of Northrop Grumman in the first quarter valued at about $2,442,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Northrop Grumman in the first quarter valued at about $231,000. Institutional investors and hedge funds own 83.20% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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