Northrop Grumman Corporation (NYSE:NOC)‘s stock had its “hold” rating reaffirmed by stock analysts at Cowen and Company in a research note issued to investors on Wednesday. They currently have a $310.00 target price on the aerospace company’s stock. Cowen and Company’s price target would indicate a potential upside of 1.87% from the company’s current price.

Several other analysts also recently issued reports on NOC. Stifel Nicolaus reissued a “hold” rating and issued a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. BidaskClub downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Argus lifted their price target on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Morgan Stanley started coverage on Northrop Grumman Corporation in a research note on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 price target on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Northrop Grumman Corporation has a consensus rating of “Buy” and an average target price of $294.65.

Northrop Grumman Corporation (NYSE NOC) traded up $3.37 during mid-day trading on Wednesday, reaching $304.31. The company’s stock had a trading volume of 707,000 shares, compared to its average volume of 774,314. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $52,387.18, a price-to-earnings ratio of 22.94, a PEG ratio of 3.03 and a beta of 0.70. Northrop Grumman Corporation has a 52-week low of $220.72 and a 52-week high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the business posted $3.35 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts expect that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.

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In other news, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the sale, the vice president now owns 28,553 shares in the company, valued at $8,590,455.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $298.00, for a total value of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,417 shares of company stock worth $6,365,189. Company insiders own 0.70% of the company’s stock.

Several large investors have recently modified their holdings of NOC. Hanseatic Management Services Inc. boosted its stake in shares of Northrop Grumman Corporation by 12.8% in the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after buying an additional 48 shares during the period. First Personal Financial Services boosted its stake in shares of Northrop Grumman Corporation by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after buying an additional 121 shares during the period. Pittenger & Anderson Inc. boosted its stake in shares of Northrop Grumman Corporation by 28.6% in the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after buying an additional 100 shares during the period. People s United Financial Inc. boosted its stake in shares of Northrop Grumman Corporation by 9.2% in the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after buying an additional 40 shares during the period. Finally, Ropes Wealth Advisors LLC bought a new stake in shares of Northrop Grumman Corporation in the third quarter valued at approximately $144,000. Institutional investors own 81.68% 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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