Wells Fargo & Co upgraded shares of Northrop Grumman (NYSE:NOC) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning, MarketBeat reports.

Several other equities research analysts also recently issued reports on NOC. Jefferies Group restated a hold rating and set a $269.00 price objective on shares of Northrop Grumman in a report on Friday, September 29th. Zacks Investment Research upgraded Northrop Grumman from a hold rating to a buy rating and set a $347.00 price objective on the stock in a report on Friday, January 12th. Vertical Research restated a buy rating and set a $296.00 price objective (up from $280.00) on shares of Northrop Grumman in a report on Wednesday, September 20th. Stifel Nicolaus restated a hold rating and set a $315.00 price objective on shares of Northrop Grumman in a report on Tuesday, January 9th. Finally, Cowen restated a hold rating and set a $300.00 price objective (up from $275.00) on shares of Northrop Grumman in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Northrop Grumman has an average rating of Buy and an average price target of $302.21.

Shares of Northrop Grumman (NYSE NOC) opened at $316.37 on Tuesday. The company has a market capitalization of $55,070.00, a PE ratio of 23.57, a P/E/G ratio of 2.79 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman has a twelve month low of $223.88 and a twelve month high of $318.70.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.76. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the business earned $3.35 EPS. Northrop Grumman’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts predict that Northrop Grumman will post 13.19 earnings per share for the current year.

In other news, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the completion of the sale, the vice president now owns 58,186 shares of the company’s stock, valued at $17,203,854.62. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock valued at $6,365,189 over the last quarter. 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. V Wealth Management LLC boosted its position in Northrop Grumman by 143.9% during the 4th quarter. V Wealth Management LLC now owns 1,717 shares of the aerospace company’s stock valued at $532,000 after purchasing an additional 1,013 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Northrop Grumman during the 4th quarter valued at approximately $3,192,000. State of Alaska Department of Revenue boosted its position in Northrop Grumman by 77.6% during the 4th quarter. State of Alaska Department of Revenue now owns 39,539 shares of the aerospace company’s stock valued at $12,133,000 after purchasing an additional 17,272 shares during the period. Acadian Asset Management LLC boosted its position in Northrop Grumman by 15.7% during the 4th quarter. Acadian Asset Management LLC now owns 119,010 shares of the aerospace company’s stock valued at $36,525,000 after purchasing an additional 16,165 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Northrop Grumman by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 655,405 shares of the aerospace company’s stock valued at $201,151,000 after purchasing an additional 20,812 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

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Northrop Grumman 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 (NYSE:NOC)

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