Northrop Grumman (NYSE:NOC) Given New $540.00 Price Target at TD Cowen

Key Points

• TD Cowen cut Northrop Grumman’s price target from $590 to $540 while maintaining a “hold” rating, implying 11.67% upside from the prior close.
• Analyst sentiment remains broadly positive but mixed, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $636.87; recent ratings included downgrades from RBC and Barclays.
• Northrop Grumman reported quarterly EPS of $7.68, beating estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. Shares recently traded at $483.58, near the company’s 12-month low.

Northrop Grumman (NYSE:NOC - Get Free Report) had its price target dropped by TD Cowen from $590.00 to $540.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "hold" rating on the aerospace company's stock. TD Cowen's price target indicates a potential upside of 11.67% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a research report on Wednesday, July 22nd. Sanford C. Bernstein decreased their target price on shares of Northrop Grumman from $653.00 to $620.00 and set a "market perform" rating for the company in a research report on Wednesday, September 23rd. Weiss Ratings lowered shares of Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, September 10th. Royal Bank Of Canada cut Northrop Grumman from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $640.00 to $525.00 in a report on Friday, October 2nd. Finally, Barclays assumed coverage on Northrop Grumman in a research report on Thursday. They set an "underweight" rating and a $419.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $636.87.

Northrop Grumman Stock Performance

NOC traded down $0.90 on Friday, hitting $483.58. 125,464 shares of the company's stock were exchanged, compared to its average volume of 914,655. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $532.72 and a two-hundred day moving average of $560.45. Northrop Grumman has a twelve month low of $470.06 and a twelve month high of $774.00. The firm has a market cap of $68.68 billion, a PE ratio of 15.37, a P/E/G ratio of 2.78 and a beta of -0.11.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate 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 return on equity of 24.25% and a net margin of 10.48%.The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts anticipate that Northrop Grumman will post 28.97 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark Welsh, III sold 95 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares of the company's stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northrop Grumman

A number of institutional investors have recently bought and sold shares of NOC. South Plains Financial Inc. lifted its holdings in shares of Northrop Grumman by 1.8% during the fourth quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company's stock worth $511,000 after purchasing an additional 16 shares during the period. Tobias Financial Advisors Inc. grew its holdings in shares of Northrop Grumman by 4.7% during the fourth quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company's stock valued at $216,000 after buying an additional 17 shares during the last quarter. Apriem Advisors boosted its position in shares of Northrop Grumman by 1.3% during the fourth quarter. Apriem Advisors now owns 1,445 shares of the aerospace company's stock valued at $824,000 after buying an additional 18 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Northrop Grumman by 2.2% during the first quarter. Koshinski Asset Management Inc. now owns 839 shares of the aerospace company's stock worth $573,000 after buying an additional 18 shares in the last quarter. Finally, Community Bank & Trust Waco Texas raised its position in Northrop Grumman by 1.8% in the 1st quarter. Community Bank & Trust Waco Texas now owns 1,082 shares of the aerospace company's stock valued at $738,000 after buying an additional 19 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Company Profile

Northrop Grumman Corporation NYSE: NOC is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company's offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.

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