Northrop Grumman (NYSE:NOC – Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 24.950-25.350 for the period, compared to the consensus earnings per share estimate of 28.050. The company issued revenue guidance of $42.0 billion-$42.5 billion, compared to the consensus revenue estimate of $42.3 billion.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada raised shares of Northrop Grumman from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $500.00 to $575.00 in a report on Thursday, March 27th. Truist Financial lifted their target price on Northrop Grumman from $545.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. UBS Group cut their price target on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a research note on Friday, January 31st. StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $424.00 to $521.00 in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $548.88.
Read Our Latest Stock Report on Northrop Grumman
Northrop Grumman Stock Down 1.8 %
Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. Analysts anticipate that Northrop Grumman will post 28.05 EPS for the current fiscal year.
Northrop Grumman Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.55%. Northrop Grumman’s dividend payout ratio is currently 29.08%.
Insider Activity at Northrop Grumman
In other Northrop Grumman news, VP Benjamin R. Davies sold 464 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction of $213,788.00. Following the sale, the vice president now directly owns 245 shares of the company’s stock, valued at $112,883.75. This trade represents a 65.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kathy J. Warden sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the completion of the transaction, the chief executive officer now directly owns 212,852 shares of the company’s stock, valued at approximately $101,243,053.80. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,505 shares of company stock valued at $2,127,182. 0.23% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Northrop Grumman stock. Brighton Jones LLC boosted its holdings in Northrop Grumman Co. (NYSE:NOC – Free Report) by 176.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,970 shares of the aerospace company’s stock after purchasing an additional 1,895 shares during the quarter. Brighton Jones LLC’s holdings in Northrop Grumman were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 83.40% of the company’s stock.
Northrop Grumman Company Profile
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. 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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