Northrop Grumman Co. (NYSE:NOC) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $390.80.

NOC has been the subject of several research analyst reports. Zacks Investment Research raised Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 price objective for the company in a research note on Thursday, June 25th. UBS Group reduced their price objective on Northrop Grumman from $410.00 to $373.00 and set a “neutral” rating for the company in a research note on Thursday, June 11th. Morgan Stanley assumed coverage on Northrop Grumman in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $470.00 target price on the stock. Royal Bank of Canada upped their target price on Northrop Grumman from $366.00 to $391.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, TheStreet raised Northrop Grumman from a “c” rating to a “b-” rating in a research report on Monday, August 10th.

In other Northrop Grumman news, VP David T. Perry sold 5,091 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $326.83, for a total value of $1,663,891.53. Following the sale, the vice president now owns 9,508 shares of the company’s stock, valued at approximately $3,107,499.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Campbell Wealth Management bought a new position in Northrop Grumman during the second quarter worth about $25,000. Bay Harbor Wealth Management LLC bought a new stake in Northrop Grumman during the first quarter worth about $25,000. Hoover Financial Advisors Inc. bought a new stake in Northrop Grumman during the second quarter worth about $46,000. Bellevue Asset Management LLC raised its holdings in Northrop Grumman by 220.0% during the first quarter. Bellevue Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 110 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in Northrop Grumman by 112.6% during the first quarter. Flagship Harbor Advisors LLC now owns 185 shares of the aerospace company’s stock worth $56,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Shares of NYSE NOC opened at $338.02 on Friday. Northrop Grumman has a 12 month low of $263.31 and a 12 month high of $385.01. The company has a market cap of $56.35 billion, a price-to-earnings ratio of 23.77 and a beta of 0.77. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 1.47. The business has a fifty day simple moving average of $335.61 and a 200-day simple moving average of $324.34.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, July 30th. The aerospace company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.32 by $0.69. The business had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.66 billion. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $5.06 earnings per share. As a group, sell-side analysts expect that Northrop Grumman will post 22.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, August 28th. Northrop Grumman’s dividend payout ratio (DPR) is currently 27.35%.

Northrop Grumman Company Profile

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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