Northrop Grumman Corporation (NYSE:NOC) had its price target raised by Royal Bank Of Canada from $324.00 to $347.00 in a research note released on Thursday, MarketBeat reports. They currently have an outperform rating on the aerospace company’s stock.
A number of other brokerages have also recently weighed in on NOC. Jefferies Group LLC restated a hold rating and issued a $269.00 price target on shares of Northrop Grumman Corporation in a research report on Friday, September 29th. Deutsche Bank AG restated a buy rating and issued a $325.00 price target (up previously from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Zacks Investment Research cut Northrop Grumman Corporation from a buy rating to a hold rating in a research report on Tuesday, September 26th. Stifel Nicolaus restated a hold rating and issued a $255.00 price target on shares of Northrop Grumman Corporation in a research report on Thursday, September 21st. Finally, Vertical Research restated a buy rating and issued a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman Corporation in a research report on Wednesday, September 20th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $290.54.
Northrop Grumman Corporation (NYSE:NOC) traded down 0.35% during midday trading on Thursday, hitting $296.61. 223,165 shares of the stock were exchanged. The firm has a 50-day moving average price of $286.70 and a 200-day moving average price of $265.61. The stock has a market cap of $51.64 billion, a P/E ratio of 22.66 and a beta of 0.68. Northrop Grumman Corporation has a one year low of $220.72 and a one year high of $306.61.
Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the business posted $3.35 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $12.89 EPS for the current fiscal year.
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In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation 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 completion of the sale, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Hanseatic Management Services Inc. grew its holdings in Northrop Grumman Corporation by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after buying an additional 48 shares during the period. First Personal Financial Services grew its holdings in Northrop Grumman Corporation by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after buying an additional 121 shares during the period. Pittenger & Anderson Inc. grew its holdings in Northrop Grumman Corporation by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after buying an additional 100 shares during the period. Harbour Capital Advisors LLC purchased a new stake in Northrop Grumman Corporation in the 1st quarter valued at about $108,000. Finally, People s United Financial Inc. grew its holdings in Northrop Grumman Corporation by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after buying an additional 40 shares during the period. Institutional investors own 81.50% 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.
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