Northrop Grumman (NOC) PT Raised to $431.00

Northrop Grumman (NYSE:NOC) had its target price hoisted by analysts at Royal Bank of Canada to $431.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 31.00% from the company’s current price.

Other research analysts have also issued reports about the company. Robert W. Baird restated a “buy” rating and issued a $394.00 target price on shares of Northrop Grumman in a research note on Friday, January 26th. Goldman Sachs lowered Northrop Grumman from a “conviction-buy” rating to a “buy” rating and set a $395.00 target price for the company. in a research note on Tuesday, February 20th. Jefferies Group upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Wednesday, February 14th. Argus upgraded Northrop Grumman to a “buy” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $386.00 target price for the company in a research note on Thursday, March 29th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $365.24.

Shares of Northrop Grumman opened at $329.02 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.52 and a quick ratio of 2.45. The company has a market cap of $56.59 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. Northrop Grumman has a 12 month low of $247.60 and a 12 month high of $360.88.



Northrop Grumman (NYSE:NOC) last issued its earnings results on Wednesday, April 25th. The aerospace company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.58. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.62 billion. Northrop Grumman had a return on equity of 35.83% and a net margin of 8.05%. Northrop Grumman’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. equities analysts anticipate that Northrop Grumman will post 15.89 earnings per share for the current fiscal year.

In other Northrop Grumman news, VP Michael A. Hardesty sold 2,941 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $351.06, for a total transaction of $1,032,467.46. Following the completion of the transaction, the vice president now directly owns 9,202 shares in the company, valued at $3,230,454.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael A. Hardesty sold 1,296 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $353.20, for a total value of $457,747.20. Following the transaction, the vice president now owns 6,677 shares of the company’s stock, valued at $2,358,316.40. The disclosure for this sale can be found here. Insiders have sold 6,760 shares of company stock valued at $2,369,359 over the last quarter. Corporate insiders own 0.62% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Ibex Wealth Advisors grew its holdings in shares of Northrop Grumman by 2.1% during the fourth quarter. Ibex Wealth Advisors now owns 7,330 shares of the aerospace company’s stock worth $2,259,000 after purchasing an additional 153 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its holdings in shares of Northrop Grumman by 0.6% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 26,398 shares of the aerospace company’s stock worth $8,102,000 after purchasing an additional 165 shares during the last quarter. Tarbox Family Office Inc. grew its holdings in shares of Northrop Grumman by 27.3% during the fourth quarter. Tarbox Family Office Inc. now owns 834 shares of the aerospace company’s stock worth $256,000 after purchasing an additional 179 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Northrop Grumman by 0.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,866 shares of the aerospace company’s stock worth $17,409,000 after purchasing an additional 186 shares during the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Northrop Grumman by 2.1% during the fourth quarter. Brown Advisory Inc. now owns 9,324 shares of the aerospace company’s stock worth $2,862,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 80.27% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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