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Latest Research Analyst Rating Updates for Northrop Grumman (NOC)

Latest Research Analyst Rating Updates for Northrop Grumman (NOC)


Northrop Grumman (NYSE:NOC) recently received a number of price target changes and rating updates:

  • 7/4/2024 – Northrop Grumman downgraded by analysts StockNews.com From “buy” rating to “hold” rating.
  • 06/26/2024 – Northrop Grumman is now covered by BTIG Research analysts. They set a “buy” rating and a $565.00 price target on the stock.
  • 06/24/2024 – Northrop Grumman downgraded by analysts StockNews.com From “buy” rating to “hold” rating.
  • 06/21/2024 – Northrop Grumman was downgraded from an “outperform” rating to a “market perform” rating by analysts at Sanford C. Bernstein. They currently have a $477.00 price target on the stock.
  • 06/18/2024 – Jefferies Financial Group Inc. analysts lowered their price target on Northrop Grumman from $530.00 to $500.00. They now have a “hold” rating on the stock.
  • 06/18/2024 – Northrop Grumman’s price target was raised to $518.00 from $483.00 by Wells Fargo & Company analysts.

Northrop Grumman Price Performance

NYSE:NOC It opened at $423.69 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.04. The company has a 50-day simple moving average of $449.56 and a two-hundred-day simple moving average of $457.71. The stock has a market cap of $62.70 billion, a P/E/G ratio of 29.63 and a beta of 2.03. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $496.89.

Northrop Grumman (NYSE:NOCGet a Free Report) released its latest earnings results on Thursday, April 25. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.83 by $0.49. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $9.77 billion. The company reported earnings per share of $5.50 in the same period a year ago. The company’s revenue increased by 8.9% from the same quarter last year. Analysts as a group are forecasting that Northrop Grumman Co. will report EPS of 24.7 for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12. Shareholders of record on Tuesday, May 28 were given a dividend of $2.06. This represents an annualized dividend of $8.24 and a dividend yield of 1.94%. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date for this dividend was Friday, May 24. Northrop Grumman’s payout ratio is 57.62%.

Institutional Entries and Exits

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOC. Capital International Investors increased its position in Northrop Grumman by 5.6% in the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company worth $5,623,128,000 after purchasing an additional 621,636 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Northrop Grumman in the fourth quarter worth approximately $283,114,000. Cerity Partners LLC increased its position in Northrop Grumman by 2,801.7% in the fourth quarter. Cerity Partners LLC now owns 330,499 shares of the aerospace company worth $154,720,000 after purchasing an additional 319,109 shares in the last quarter. Focused Investors Fund LP purchased a new position in Northrop Grumman during the first quarter worth about $108,369,000. Finally, JPMorgan Chase & Co. grew its position in Northrop Grumman by 4.8% in the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company worth $2,218,132,000 after purchasing an additional 211,459 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe and internationally. The company’s Aeronautical Systems segment designs, develops, manufactures, integrates and sustains aircraft systems. The segment also provides unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical takeoff and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter aircraft and air dominance aircraft, and airborne battle management and command and control systems.

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(tags to translate)Northrop Grumman Co