Northrop Grumman (NYSE:NOC) Price Target Increased to $625.00 by Analysts at Susquehanna

Northrop Grumman (NYSE:NOC) had its price target boosted by Susquehanna from $560.00 to $625.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a positive rating on the aerospace company’s stock.

NOC has been the topic of several other research reports. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Citigroup lifted their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group boosted their price target on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Barclays boosted their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $547.44.

Northrop Grumman Stock Down 0.8 %

Shares of NYSE:NOC traded down $4.33 during midday trading on Friday, hitting $519.35. 516,098 shares of the company’s stock traded hands, compared to its average volume of 873,610. Northrop Grumman has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a market cap of $75.95 billion, a PE ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The firm’s fifty day moving average price is $523.54 and its two-hundred day moving average price is $481.03.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter last year, the company earned $6.18 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman will post 25.16 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is currently 53.79%.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 1,490 shares of company stock worth $747,372. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Northrop Grumman

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Group LLC bought a new position in Northrop Grumman during the 3rd quarter valued at $229,000. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Northrop Grumman by 0.9% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,262 shares of the aerospace company’s stock valued at $1,194,000 after buying an additional 20 shares in the last quarter. SteelPeak Wealth LLC grew its holdings in Northrop Grumman by 23.0% during the third quarter. SteelPeak Wealth LLC now owns 4,457 shares of the aerospace company’s stock worth $2,354,000 after acquiring an additional 832 shares during the period. Walter & Keenan Wealth Management LLC IN ADV raised its position in Northrop Grumman by 21.6% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 575 shares of the aerospace company’s stock worth $304,000 after acquiring an additional 102 shares in the last quarter. Finally, Childress Capital Advisors LLC acquired a new stake in Northrop Grumman in the 3rd quarter valued at about $264,000. Institutional investors own 83.40% of the company’s stock.

About Northrop Grumman

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.