Deutsche Bank AG reaffirmed their buy rating on shares of Northrop Grumman Corporation (NYSE:NOC) in a report published on Thursday. The brokerage currently has a $285.00 price objective on the aerospace company’s stock, up from their prior price objective of $275.00.

NOC has been the topic of several other research reports. Zacks Investment Research upgraded Northrop Grumman Corporation from a hold rating to a buy rating and set a $270.00 price objective on the stock in a report on Thursday, April 13th. Cowen and Company reiterated a hold rating and set a $275.00 price objective on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Vertical Research upgraded Northrop Grumman Corporation from a hold rating to a buy rating and lifted their price objective for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Stifel Nicolaus reiterated a hold rating and set a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday. Finally, Jefferies Group LLC reiterated a hold rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $255.42.

Northrop Grumman Corporation (NYSE NOC) traded down 0.30% during mid-day trading on Thursday, hitting $263.32. 375,926 shares of the stock were exchanged. The stock has a market capitalization of $45.84 billion, a P/E ratio of 20.11 and a beta of 0.67. The firm has a 50-day moving average price of $260.62 and a 200-day moving average price of $246.81. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $266.81.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the business posted $2.85 EPS. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that Northrop Grumman Corporation will post $12.46 earnings per share for the current fiscal year.

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In other Northrop Grumman Corporation news, CEO Wesley G. Bush sold 33,976 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $244.74, for a total value of $8,315,286.24. Following the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $244.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total value of $1,000,220.00. Following the completion of the sale, the vice president now owns 69,458 shares in the company, valued at approximately $18,059,080. The disclosure for this sale can be found here. Insiders sold a total of 67,563 shares of company stock worth $16,750,506 in the last 90 days. Company insiders own 0.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. National Pension Service boosted its stake in Northrop Grumman Corporation by 1.4% in the first quarter. National Pension Service now owns 126,779 shares of the aerospace company’s stock valued at $30,308,000 after buying an additional 1,802 shares during the last quarter. Quadrant Capital Group LLC raised its position in Northrop Grumman Corporation by 12.4% in the first quarter. Quadrant Capital Group LLC now owns 590 shares of the aerospace company’s stock valued at $132,000 after buying an additional 65 shares during the period. Gulf International Bank UK Ltd raised its position in Northrop Grumman Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 52,623 shares of the aerospace company’s stock valued at $12,515,000 after buying an additional 725 shares during the period. Stock Yards Bank & Trust Co. raised its position in Northrop Grumman Corporation by 87.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 1,672 shares of the aerospace company’s stock valued at $398,000 after buying an additional 780 shares during the period. Finally, Creative Planning raised its position in Northrop Grumman Corporation by 2.1% in the first quarter. Creative Planning now owns 16,808 shares of the aerospace company’s stock valued at $3,998,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 81.75% 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.

Analyst Recommendations for Northrop Grumman Corporation (NYSE:NOC)

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