Northrop Grumman Corporation (NYSE:NOC) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. They presently have a $253.00 price target on the stock. Vetr‘s price objective would suggest a potential upside of 3.89% from the stock’s current price.

Other research analysts have also issued reports about the company. Vertical Research assumed coverage on Northrop Grumman Corporation in a research note on Friday, October 28th. They set a “hold” rating for the company. RBC Capital Markets assumed coverage on Northrop Grumman Corporation in a research note on Wednesday, January 11th. They set an “outperform” rating and a $268.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating and set a $260.00 price objective (up from $250.00) on shares of Northrop Grumman Corporation in a research note on Friday, October 28th. Royal Bank Of Canada assumed coverage on Northrop Grumman Corporation in a research note on Thursday, January 12th. They set an “outperform” rating and a $268.00 price objective for the company. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Northrop Grumman Corporation in a research note on Monday, November 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $249.15.

Analyst Recommendations for Northrop Grumman Corporation (NYSE:NOC)

Shares of Northrop Grumman Corporation (NYSE:NOC) traded up 0.80% during midday trading on Thursday, reaching $243.53. 951,062 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $233.08 and its 200 day moving average price is $227.07. The firm has a market capitalization of $42.52 billion, a P/E ratio of 19.98 and a beta of 0.69. Northrop Grumman Corporation has a 52-week low of $185.08 and a 52-week high of $253.80.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Thursday, January 26th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. Northrop Grumman Corporation had a return on equity of 35.74% and a net margin of 8.98%. The firm earned $6.40 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the prior year, the company posted $2.49 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $11.89 EPS for the current fiscal year.

“Vetr Inc. Lowers Northrop Grumman Corporation (NOC) to Hold” was originally posted by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was copied illegally and republished in violation of US and international copyright & trademark law. The correct version of this article can be accessed at http://www.watchlistnews.com/vetr-inc-lowers-northrop-grumman-corporation-noc-to-hold/1121406.html.

In other Northrop Grumman Corporation news, CFO Kenneth L. Bedingfield sold 128 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $228.72, for a total transaction of $29,276.16. Following the transaction, the chief financial officer now owns 17,998 shares in the company, valued at $4,116,502.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher T. Jones sold 240 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $228.72, for a total value of $54,892.80. Following the transaction, the vice president now owns 46,580 shares in the company, valued at approximately $10,653,777.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,098 shares of company stock worth $260,548. Company insiders own 0.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of NOC. State Street Corp raised its stake in Northrop Grumman Corporation by 0.5% in the fourth quarter. State Street Corp now owns 19,928,687 shares of the company’s stock worth $4,635,011,000 after buying an additional 98,951 shares in the last quarter. FMR LLC raised its stake in Northrop Grumman Corporation by 42.1% in the fourth quarter. FMR LLC now owns 7,786,442 shares of the company’s stock worth $1,810,970,000 after buying an additional 2,307,519 shares in the last quarter. Capital World Investors raised its stake in Northrop Grumman Corporation by 0.4% in the second quarter. Capital World Investors now owns 6,059,000 shares of the company’s stock worth $1,346,795,000 after buying an additional 24,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Northrop Grumman Corporation by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,938,953 shares of the company’s stock worth $1,057,262,000 after buying an additional 533,364 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Northrop Grumman Corporation by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,832,167 shares of the company’s stock worth $1,033,842,000 after buying an additional 20,139 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

About Northrop Grumman Corporation

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.