Stifel Nicolaus Reiterates “Hold” Rating for Northrop Grumman (NOC)

Northrop Grumman (NYSE:NOC)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a research report issued on Tuesday. They presently have a $315.00 target price on the aerospace company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 1.76% from the company’s previous close.

Other research analysts also recently issued reports about the company. Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Deutsche Bank reaffirmed a “buy” rating and set a $325.00 target price (up from $285.00) on shares of Northrop Grumman in a research note on Monday, October 2nd. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $299.00 target price for the company in a research note on Thursday, September 14th. Vertical Research reaffirmed a “buy” rating and set a $296.00 target price (up from $280.00) on shares of Northrop Grumman in a research note on Wednesday, September 20th. Finally, Bank of America set a $350.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $299.67.

Shares of Northrop Grumman (NYSE NOC) traded up $1.96 during mid-day trading on Tuesday, hitting $309.55. The stock had a trading volume of 493,165 shares, compared to its average volume of 808,966. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The firm has a market cap of $53,890.00, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69. Northrop Grumman has a twelve month low of $223.88 and a twelve month high of $312.93.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman had a return on equity of 41.69% and a net margin of 9.88%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.35 EPS. research analysts forecast that Northrop Grumman will post 13.19 EPS for the current year.

In other Northrop Grumman news, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the sale, the vice president now directly owns 63,147 shares in the company, valued at approximately $18,817,806. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Denise M. Peppard sold 5,037 shares of the company’s stock in a transaction 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 have sold 21,417 shares of company stock valued at $6,365,189 over the last quarter. 0.70% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in Northrop Grumman in the 3rd quarter valued at $30,405,000. Caxton Associates LP purchased a new stake in Northrop Grumman in the 2nd quarter valued at $5,134,000. Toronto Dominion Bank grew its holdings in Northrop Grumman by 25.2% in the 2nd quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock valued at $15,280,000 after buying an additional 11,991 shares in the last quarter. USS Investment Management Ltd grew its holdings in Northrop Grumman by 7.0% in the 3rd quarter. USS Investment Management Ltd now owns 27,500 shares of the aerospace company’s stock valued at $7,911,000 after buying an additional 1,800 shares in the last quarter. Finally, Shell Asset Management Co. grew its holdings in Northrop Grumman by 9.3% in the 3rd quarter. Shell Asset Management Co. now owns 42,114 shares of the aerospace company’s stock valued at $5,549,000 after buying an additional 3,588 shares in the last quarter. Institutional investors own 81.10% 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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