Northrop Grumman Co. (NYSE:NOC) has earned an average rating of “Buy” from the twenty brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $334.43.
Several brokerages have weighed in on NOC. Barclays reissued a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Susquehanna Bancshares raised Northrop Grumman from a “neutral” rating to a “positive” rating and upped their price target for the company from $309.00 to $315.00 in a research note on Friday, April 5th. Morgan Stanley set a $18.00 price target on PG&E and gave the company a “hold” rating in a research note on Friday, June 14th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th.
NYSE:NOC traded up $1.02 on Tuesday, hitting $322.16. 881,363 shares of the stock were exchanged, compared to its average volume of 560,047. The firm has a market capitalization of $54.70 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. Northrop Grumman has a 52 week low of $223.63 and a 52 week high of $330.26. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average of $317.99.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.59 by $0.47. The firm had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.34 billion. Northrop Grumman had a return on equity of 41.42% and a net margin of 9.67%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.21 EPS. Sell-side analysts predict that Northrop Grumman will post 19.41 EPS for the current year.
In related news, VP Patrick M. Antkowiak sold 1,932 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $310.00, for a total transaction of $598,920.00. Following the completion of the sale, the vice president now directly owns 5,208 shares of the company’s stock, valued at approximately $1,614,480. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Madeleine Kleiner sold 971 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $315.16, for a total value of $306,020.36. Following the sale, the director now directly owns 16,675 shares of the company’s stock, valued at $5,255,293. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,903 shares of company stock valued at $15,484,440. 0.45% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Thoroughbred Financial Services LLC boosted its position in Northrop Grumman by 30,736.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock worth $78,540,000 after acquiring an additional 782,858 shares during the last quarter. Millennium Management LLC boosted its position in Northrop Grumman by 198.8% during the 4th quarter. Millennium Management LLC now owns 568,441 shares of the aerospace company’s stock worth $139,211,000 after acquiring an additional 378,176 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Northrop Grumman by 354.2% in the 1st quarter. SG Americas Securities LLC now owns 158,112 shares of the aerospace company’s stock valued at $42,627,000 after buying an additional 123,300 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Northrop Grumman by 4.9% in the 4th quarter. Macquarie Group Ltd. now owns 2,516,969 shares of the aerospace company’s stock valued at $616,406,000 after buying an additional 117,707 shares during the last quarter. Finally, Ellis Investment Partners LLC acquired a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $111,000. 83.20% of the stock is owned by institutional investors and hedge funds.
Northrop Grumman Company Profile
Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.
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