Jefferies Group LLC reiterated their hold rating on shares of Northrop Grumman Corporation (NYSE:NOC) in a report issued on Friday morning. Jefferies Group LLC currently has a $269.00 target price on the aerospace company’s stock.

Several other equities analysts have also commented on the stock. Zacks Investment Research cut shares of Northrop Grumman Corporation from a buy rating to a hold rating in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a hold rating and set a $255.00 target price on shares of Northrop Grumman Corporation in a research report on Thursday, September 21st. Vertical Research restated a buy rating and set a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman Corporation in a research note on Wednesday, September 20th. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the company a buy rating in a research note on Tuesday, August 29th. Finally, Cowen and Company restated a hold rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a research note on Thursday, August 24th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $273.86.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 287.72 on Friday. The company has a market capitalization of $50.09 billion, a price-to-earnings ratio of 21.98 and a beta of 0.66. The stock has a 50 day moving average of $269.39 and a 200-day moving average of $255.59. Northrop Grumman Corporation has a 52 week low of $210.60 and a 52 week high of $287.81.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $6.21 billion. During the same quarter in the previous year, the firm earned $2.85 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.39%. Northrop Grumman Corporation’s payout ratio is currently 30.56%.

In related news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now directly owns 961 shares of the company’s stock, valued at $252,983.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in NOC. Concert Wealth Management Inc. boosted its position in Northrop Grumman Corporation by 0.7% in the 1st quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after purchasing an additional 8 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Northrop Grumman Corporation by 1.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 10 shares during the period. Cetera Investment Advisers grew its stake in shares of Northrop Grumman Corporation by 0.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 10 shares during the period. Argent Trust Co grew its stake in shares of Northrop Grumman Corporation by 0.7% during the 1st quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after purchasing an additional 11 shares during the period. Finally, Bank of Stockton grew its stake in shares of Northrop Grumman Corporation by 0.9% during the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 12 shares during the period. 81.37% of the stock is owned by institutional investors.

About Northrop Grumman Corporation

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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