Northrop Grumman Co. (NYSE:NOC)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They presently have a $255.00 price target on the aerospace company’s stock, up from their prior price target of $245.00. Stifel Nicolaus’ price objective would suggest a potential downside of 3.45% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Thursday, April 13th. Vertical Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the stock from $254.00 to $270.00 in a report on Wednesday, May 10th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $275.00 price target on shares of Northrop Grumman in a report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $255.42.
Northrop Grumman (NYSE NOC) traded up 1.28% during trading on Thursday, hitting $264.10. The stock had a trading volume of 588,212 shares. The firm has a market capitalization of $45.98 billion, a PE ratio of 20.17 and a beta of 0.67. Northrop Grumman has a 1-year low of $206.69 and a 1-year high of $266.81. The firm has a 50 day moving average price of $260.62 and a 200-day moving average price of $246.81.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.31. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman had a net margin of 8.66% and a return on equity of 38.58%. Northrop Grumman’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. On average, equities research analysts expect that Northrop Grumman will post $12.46 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/07/30/northrop-grumman-co-nysenoc-rating-reiterated-by-stifel-nicolaus.html.
In related news, VP Sid Ashworth sold 3,847 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total value of $1,000,220.00. Following the completion of the transaction, the vice president now directly owns 69,458 shares in the company, valued at approximately $18,059,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas E. Vice sold 29,740 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $250.00, for a total transaction of $7,435,000.00. Following the completion of the transaction, the vice president now owns 72,453 shares of the company’s stock, valued at $18,113,250. The disclosure for this sale can be found here. Insiders sold a total of 67,563 shares of company stock valued at $16,750,506 over the last quarter. 0.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Stockton raised its position in Northrop Grumman by 0.9% in the second quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after buying an additional 12 shares in the last quarter. Lyell Wealth Management LP raised its position in Northrop Grumman by 4.9% in the second quarter. Lyell Wealth Management LP now owns 12,379 shares of the aerospace company’s stock worth $3,178,000 after buying an additional 581 shares in the last quarter. CIBC Asset Management Inc raised its position in Northrop Grumman by 2.7% in the second quarter. CIBC Asset Management Inc now owns 17,112 shares of the aerospace company’s stock worth $4,393,000 after buying an additional 444 shares in the last quarter. Warren Averett Asset Management LLC acquired a new position in Northrop Grumman during the second quarter worth $209,000. Finally, Great West Life Assurance Co. Can raised its position in Northrop Grumman by 35.4% in the second quarter. Great West Life Assurance Co. Can now owns 195,061 shares of the aerospace company’s stock worth $50,027,000 after buying an additional 50,975 shares in the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.
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.
Receive News & Ratings for Northrop Grumman Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Co. and related companies with MarketBeat.com's FREE daily email newsletter.
