Shares of Northrop Grumman Co. (NYSE:NOC – Get Free Report) have been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $503.38.
NOC has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Northrop Grumman from $430.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Wolfe Research downgraded Northrop Grumman from a “peer perform” rating to an “underperform” rating and set a $450.00 price objective for the company. in a report on Thursday, December 14th. Robert W. Baird reiterated a “neutral” rating and set a $505.00 target price on shares of Northrop Grumman in a report on Tuesday, January 16th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, UBS Group began coverage on Northrop Grumman in a report on Tuesday, October 10th. They set a “buy” rating and a $555.00 price objective on the stock.
Northrop Grumman Stock Performance
Northrop Grumman (NYSE:NOC – Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $6.27 earnings per share for the quarter, topping the consensus estimate of $5.75 by $0.52. The business had revenue of $10.64 billion during the quarter, compared to analyst estimates of $10.43 billion. Northrop Grumman had a return on equity of 24.24% and a net margin of 12.07%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $7.50 EPS. Research analysts expect that Northrop Grumman will post 22.76 earnings per share for the current year.
Northrop Grumman Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Monday, November 27th were paid a dividend of $1.87 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $7.48 annualized dividend and a dividend yield of 1.72%. Northrop Grumman’s dividend payout ratio (DPR) is 24.54%.
Insider Buying and Selling
In related news, VP Mark A. Caylor sold 1,670 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $472.62, for a total value of $789,275.40. Following the sale, the vice president now directly owns 12,900 shares of the company’s stock, valued at $6,096,798. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in Northrop Grumman during the 3rd quarter worth $29,000. Archer Investment Corp lifted its holdings in shares of Northrop Grumman by 325.0% during the second quarter. Archer Investment Corp now owns 68 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 52 shares during the last quarter. State of Wyoming lifted its position in shares of Northrop Grumman by 76.5% in the 4th quarter. State of Wyoming now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 26 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Northrop Grumman by 169.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 78 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 49 shares in the last quarter. Finally, Key Financial Inc boosted its holdings in shares of Northrop Grumman by 60.0% during the second quarter. Key Financial Inc now owns 80 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 30 shares during the period. 82.40% of the stock is currently owned by institutional investors.
Northrop Grumman Company Profile
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
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