Northrop Grumman (NYSE:NOC) Given New $590.00 Price Target at TD Cowen

Northrop Grumman (NYSE:NOC) had its target price hoisted by equities researchers at TD Cowen from $550.00 to $590.00 in a research note issued on Wednesday, Marketbeat reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price objective would indicate a potential downside of 0.13% from the stock’s previous close.

A number of other research firms have also weighed in on NOC. The Goldman Sachs Group dropped their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a report on Wednesday, August 5th. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

Northrop Grumman Trading Up 0.3%

Shares of Northrop Grumman stock traded up $1.61 on Wednesday, hitting $590.75. The stock had a trading volume of 147,159 shares, compared to its average volume of 921,520. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman has a one year low of $479.02 and a one year high of $774.00. The stock’s 50-day simple moving average is $540.34 and its two-hundred day simple moving average is $612.15. The stock has a market cap of $83.91 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts predict that Northrop Grumman will post 28.97 EPS for the current year.

Insider Buying and Selling

In other news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Northrop Grumman

Several hedge funds have recently bought and sold shares of the business. Fox Hill Wealth Management purchased a new stake in Northrop Grumman in the second quarter worth about $1,249,000. Kingsview Wealth Management LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $3,507,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $8,341,000. Pin Oak Investment Advisors Inc. bought a new position in Northrop Grumman during the 2nd quarter valued at approximately $212,000. Finally, Twin Lakes Capital Management LLC bought a new position in Northrop Grumman during the 2nd quarter valued at approximately $113,000. Institutional investors own 83.40% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.