BTIG Research Forecasts Strong Price Appreciation for Northrop Grumman (NYSE:NOC) Stock

Northrop Grumman (NYSE:NOCGet Free Report) had its price objective increased by stock analysts at BTIG Research from $680.00 to $815.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. BTIG Research’s price target suggests a potential upside of 21.49% from the company’s current price.

A number of other research firms also recently weighed in on NOC. Sanford C. Bernstein reissued a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a research report on Monday, January 12th. Vertical Research restated a “hold” rating and issued a $688.00 target price on shares of Northrop Grumman in a research note on Tuesday. Truist Financial reiterated a “hold” rating and set a $623.00 price target (down previously from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. BNP Paribas Exane began coverage on shares of Northrop Grumman in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $671.61.

Get Our Latest Report on NOC

Northrop Grumman Stock Down 1.2%

Northrop Grumman stock opened at $670.84 on Wednesday. The firm has a market cap of $95.74 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 5.36 and a beta of 0.05. The firm has a fifty day moving average price of $592.10 and a two-hundred day moving average price of $585.75. Northrop Grumman has a fifty-two week low of $426.24 and a fifty-two week high of $683.01. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating the consensus estimate of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The firm had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company earned $6.39 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts forecast that Northrop Grumman will post 28.05 earnings per share for the current year.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the transaction, the chief executive officer owned 191,602 shares in the company, valued at approximately $117,835,230. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,097 shares of company stock worth $6,099,716 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NOC. Brighton Jones LLC boosted its holdings in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its position in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares during the period. Woodline Partners LP increased its holdings in shares of Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after purchasing an additional 1,978 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Northrop Grumman by 27.4% in the second quarter. V Square Quantitative Management LLC now owns 605 shares of the aerospace company’s stock valued at $302,000 after purchasing an additional 130 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth about $496,000. Institutional investors own 83.40% of the company’s stock.

Key Headlines Impacting Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

Northrop Grumman Company Profile

(Get Free Report)

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.

See Also

Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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