Northrop Grumman (NYSE:NOC - Get Free Report) had its target price increased by investment analysts at BTIG Research from $630.00 to $680.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. BTIG Research's price objective indicates a potential upside of 13.44% from the stock's current price.
NOC has been the subject of a number of other reports. Royal Bank Of Canada increased their target price on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Northrop Grumman from $480.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Morgan Stanley increased their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $621.67.
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Northrop Grumman Price Performance
Shares of NYSE NOC opened at $599.45 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman has a 1-year low of $426.24 and a 1-year high of $640.90. The firm has a market capitalization of $85.83 billion, a P/E ratio of 22.10, a P/E/G ratio of 5.85 and a beta of 0.10. The firm's 50-day moving average price is $593.28 and its 200-day moving average price is $538.58.
Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts' consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business posted $7.00 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities research analysts anticipate that Northrop Grumman will post 28.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of NOC. Parvin Asset Management LLC purchased a new stake in Northrop Grumman in the 2nd quarter worth approximately $25,000. IMA Advisory Services Inc. purchased a new stake in Northrop Grumman in the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new stake in Northrop Grumman in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise purchased a new stake in Northrop Grumman in the 1st quarter worth approximately $30,000. Finally, NewSquare Capital LLC lifted its stake in Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company's stock worth $31,000 after purchasing an additional 27 shares in the last quarter. 83.40% of the stock is owned by institutional investors.
About Northrop Grumman
(
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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.
Further Reading
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