Northrop Grumman (NYSE:NOC) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• Northrop Grumman has received a "buy (B-)" rating from Weiss Ratings, reaffirming investor confidence in the company.
• Several analysts have increased their target prices, with Barclays setting it at $580 and Royal Bank of Canada at $625, reflecting a strong outlook for the stock.
• The company reported $7.11 earnings per share in its latest quarter, exceeding estimates and showing a 1.3% increase in quarterly revenue compared to the previous year.

Northrop Grumman (NYSE:NOC - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their target price on Northrop Grumman from $500.00 to $580.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada boosted their target price on Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Susquehanna boosted their target price on Northrop Grumman from $557.00 to $650.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $601.00.

Northrop Grumman Stock Up 1.1%

Shares of NOC traded up $7.01 during midday trading on Tuesday, hitting $625.89. The company had a trading volume of 179,863 shares, compared to its average volume of 934,798. The company's 50-day simple moving average is $590.87 and its 200-day simple moving average is $534.72. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a market capitalization of $89.61 billion, a P/E ratio of 23.09, a P/E/G ratio of 6.06 and a beta of 0.10. Northrop Grumman has a 1 year low of $426.24 and a 1 year high of $640.90.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. As a group, sell-side analysts expect that Northrop Grumman will post 28.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Berger Financial Group Inc acquired a new position in shares of Northrop Grumman in the third quarter valued at approximately $261,000. HBK Sorce Advisory LLC increased its holdings in shares of Northrop Grumman by 71.7% in the third quarter. HBK Sorce Advisory LLC now owns 2,777 shares of the aerospace company's stock valued at $1,772,000 after purchasing an additional 1,160 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Northrop Grumman by 78.5% in the third quarter. Exchange Traded Concepts LLC now owns 3,487 shares of the aerospace company's stock valued at $2,125,000 after purchasing an additional 1,533 shares during the period. Brighton Jones LLC increased its holdings in shares of Northrop Grumman by 0.9% in the third quarter. Brighton Jones LLC now owns 3,545 shares of the aerospace company's stock valued at $2,160,000 after purchasing an additional 32 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Northrop Grumman in the third quarter valued at approximately $714,000. Institutional investors and hedge funds own 83.40% of the company's stock.

About Northrop Grumman

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.

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