Northrop Grumman (NYSE:NOC) PT Raised to $505.00

Northrop Grumman (NYSE:NOC) had its target price hoisted by equities researchers at Robert W. Baird from $475.00 to $505.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. Robert W. Baird’s price target would indicate a potential upside of 3.16% from the stock’s current price.

NOC has been the subject of several other reports. TheStreet cut Northrop Grumman from a “b+” rating to a “c+” rating in a report on Thursday, January 25th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target for the company in a report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $450.00 price objective (down from $515.00) on shares of Northrop Grumman in a report on Friday, January 26th. Susquehanna reduced their price objective on Northrop Grumman from $560.00 to $540.00 and set a “positive” rating for the company in a report on Friday, January 26th. Finally, StockNews.com cut Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and a consensus target price of $499.54.

Northrop Grumman Trading Up 0.3 %

NYSE:NOC opened at $489.55 on Friday. The stock’s 50 day moving average price is $462.00 and its 200 day moving average price is $465.71. The company has a market capitalization of $72.55 billion, a PE ratio of 36.22, a P/E/G ratio of 1.91 and a beta of 0.35. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 0.93. Northrop Grumman has a 52-week low of $414.56 and a 52-week high of $496.89.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.83 by $0.49. The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $9.77 billion. Northrop Grumman had a return on equity of 23.07% and a net margin of 5.23%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.50 EPS. On average, research analysts anticipate that Northrop Grumman will post 24.67 EPS for the current year.

Insider Activity

In other news, CAO Michael A. Hardesty sold 210 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the completion of the sale, the chief accounting officer now owns 3,127 shares in the company, valued at $1,421,784.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total value of $95,482.80. Following the transaction, the chief accounting officer now directly owns 3,127 shares of the company’s stock, valued at $1,421,784.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael A. Hardesty sold 955 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $450.37, for a total transaction of $430,103.35. Following the completion of the transaction, the chief accounting officer now directly owns 4,137 shares in the company, valued at $1,863,180.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,149 shares of company stock worth $1,421,147. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds have recently bought and sold shares of the business. SRS Capital Advisors Inc. grew its position in shares of Northrop Grumman by 960.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Northrop Grumman in the third quarter valued at about $29,000. Finally, McIlrath & Eck LLC lifted its stake in shares of Northrop Grumman by 247.6% in the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after buying an additional 52 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Company Profile

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.