Northrop Grumman Co. (NYSE:NOC) has received an average rating of “Buy” from the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $364.44.

NOC has been the topic of a number of analyst reports. Buckingham Research raised Northrop Grumman from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $246.00 to $371.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $379.00 price target on the stock in a research note on Monday, June 11th. Goldman Sachs Group dropped their price target on Northrop Grumman to $414.00 and set a “conviction-buy” rating on the stock in a research note on Thursday, July 26th. Stifel Nicolaus reissued a “hold” rating and issued a $300.00 price target on shares of Northrop Grumman in a research note on Thursday, July 26th. Finally, ValuEngine cut Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th.

In other Northrop Grumman news, VP Patrick M. Antkowiak sold 5,137 shares of Northrop Grumman stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $310.00, for a total transaction of $1,592,470.00. Following the transaction, the vice president now owns 5,371 shares of the company’s stock, valued at approximately $1,665,010. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kenneth L. Bedingfield sold 1,442 shares of Northrop Grumman stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $300.00, for a total value of $432,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,612 shares of company stock worth $10,982,801. Company insiders own 0.62% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NOC. Navellier & Associates Inc grew its stake in shares of Northrop Grumman by 1.8% in the 1st quarter. Navellier & Associates Inc now owns 8,663 shares of the aerospace company’s stock valued at $3,024,000 after buying an additional 155 shares in the last quarter. Winfield Associates Inc. grew its stake in shares of Northrop Grumman by 14.6% in the 2nd quarter. Winfield Associates Inc. now owns 1,375 shares of the aerospace company’s stock valued at $423,000 after buying an additional 175 shares in the last quarter. Torch Wealth Management LLC grew its stake in shares of Northrop Grumman by 3.7% in the 2nd quarter. Torch Wealth Management LLC now owns 4,862 shares of the aerospace company’s stock valued at $1,496,000 after buying an additional 175 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Northrop Grumman by 7.8% in the 2nd quarter. Trust Co. of Vermont now owns 2,447 shares of the aerospace company’s stock valued at $753,000 after buying an additional 177 shares in the last quarter. Finally, CMH Wealth Management LLC grew its stake in shares of Northrop Grumman by 2.7% in the 2nd quarter. CMH Wealth Management LLC now owns 6,762 shares of the aerospace company’s stock valued at $2,089,000 after buying an additional 180 shares in the last quarter. 81.45% of the stock is currently owned by institutional investors.

Northrop Grumman stock traded down $2.21 during midday trading on Wednesday, hitting $304.48. The company’s stock had a trading volume of 13,140 shares, compared to its average volume of 1,137,321. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.75. Northrop Grumman has a 12 month low of $278.88 and a 12 month high of $360.88. The stock has a market cap of $53.40 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.62 and a beta of 0.68.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Wednesday, July 25th. The aerospace company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.84 by $0.09. The firm had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $7.10 billion. Northrop Grumman had a net margin of 8.33% and a return on equity of 34.88%. Northrop Grumman’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.16 earnings per share. equities analysts predict that Northrop Grumman will post 16.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Monday, August 27th were paid a dividend of $1.20 per share. The ex-dividend date was Friday, August 24th. This represents a $4.80 annualized dividend and a yield of 1.58%. Northrop Grumman’s dividend payout ratio (DPR) is presently 36.14%.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

Recommended Story: Stop Order

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.