Weekly Analysts’ Ratings Changes for Northrop Grumman (NOC)

Northrop Grumman (NYSE: NOC) recently received a number of ratings updates from brokerages and research firms:

• 11/12/2024 – Northrop Grumman was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/29/2024 – Northrop Grumman had its price target raised by analysts at Barclays PLC from $500.00 to $550.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Northrop Grumman had its price target raised by analysts at Royal Bank of Canada from $500.00 to $540.00. They now have a “sector perform” rating on the stock.
• 10/25/2024 – Northrop Grumman had its price target raised by analysts at Susquehanna from $560.00 to $625.00. They now have a “positive” rating on the stock.
• 10/25/2024 – Northrop Grumman had its price target raised by analysts at Wells Fargo & Company from $509.00 to $565.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Northrop Grumman had its price target raised by analysts at UBS Group AG from $614.00 to $643.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Northrop Grumman had its price target raised by analysts at JPMorgan Chase & Co. from $500.00 to $560.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – Northrop Grumman had its price target raised by analysts at Citigroup Inc. from $521.00 to $587.00. They now have a “neutral” rating on the stock.
• 10/8/2024 – Northrop Grumman was upgraded by analysts at TD Cowen to a “hold” rating.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $520.39 on Thursday. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The stock’s 50 day moving average is $524.14 and its 200-day moving average is $485.78. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $75.82 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 1.07 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.07 by $0.93. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.18 earnings per share. Sell-side analysts forecast that Northrop Grumman Co. will post 25.95 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.58%. Northrop Grumman’s dividend payout ratio (DPR) is currently 51.05%.

Insiders Place Their Bets

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 1,289 shares of company stock valued at $685,273. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds have recently modified their holdings of the company. Capital International Investors lifted its holdings in Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after acquiring an additional 621,636 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Northrop Grumman by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after purchasing an additional 211,459 shares during the period. Capital World Investors raised its stake in shares of Northrop Grumman by 0.6% during the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock worth $1,765,543,000 after purchasing an additional 23,398 shares during the period. Legal & General Group Plc raised its stake in shares of Northrop Grumman by 16.0% during the 2nd quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after purchasing an additional 150,367 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Northrop Grumman by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 809,445 shares of the aerospace company’s stock worth $427,444,000 after buying an additional 3,211 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.