Northrop Grumman (NYSE:NOC)‘s stock had its “hold” rating restated by Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They presently have a $315.00 price objective on the aerospace company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 1.76% from the company’s previous close.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Bank of America set a $350.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. raised Northrop Grumman from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $317.00 to $355.00 in a research note on Tuesday, December 12th. Royal Bank of Canada set a $374.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Deutsche Bank reissued a “buy” rating and set a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman in a research note on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $299.67.
Shares of Northrop Grumman (NOC) traded up $1.96 during trading on Tuesday, hitting $309.55. The stock had a trading volume of 493,165 shares, compared to its average volume of 808,966. Northrop Grumman has a twelve month low of $223.88 and a twelve month high of $312.93. The firm has a market cap of $53,890.00, a price-to-earnings ratio of 23.07, a PEG ratio of 3.03 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96.
In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the sale, the chief operating officer now owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sid Ashworth sold 6,311 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the sale, the vice president now directly owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock worth $6,365,189 in the last ninety days. 0.70% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Hanseatic Management Services Inc. raised its position in Northrop Grumman 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 purchasing an additional 48 shares in the last quarter. People s United Financial Inc. raised its position in Northrop Grumman 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 purchasing an additional 40 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new stake in Northrop Grumman in the 3rd quarter valued at about $144,000. Quadrant Capital Group LLC raised its position in Northrop Grumman by 7.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 636 shares of the aerospace company’s stock valued at $147,000 after purchasing an additional 46 shares in the last quarter. Finally, WFG Advisors LP raised its position in Northrop Grumman by 4.9% in the 2nd quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 28 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.
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About Northrop Grumman
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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