Northrop Grumman's (NOC) Hold Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Northrop Grumman (NYSE:NOC - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $542.00 price target on the aerospace company's stock, down from their prior price target of $580.00. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 6.75% from the company's previous close.

A number of other equities research analysts also recently issued reports on NOC. UBS Group reduced their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on shares of Northrop Grumman and gave the company an "overweight" rating in a report on Thursday, April 24th. Royal Bank Of Canada cut their price objective on shares of Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Susquehanna lowered their price objective on shares of Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Truist Financial decreased their target price on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of "Moderate Buy" and an average target price of $550.00.

Northrop Grumman Trading Up 0.6%

NYSE:NOC traded up $2.86 during trading hours on Tuesday, reaching $507.71. 608,928 shares of the stock were exchanged, compared to its average volume of 879,432. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $487.89 and a two-hundred day moving average of $484.77. Northrop Grumman has a twelve month low of $422.69 and a twelve month high of $555.57. The company has a market capitalization of $73.07 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 5.52 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. The firm had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $10.07 billion. On average, equities analysts predict that Northrop Grumman will post 28.05 EPS for the current year.

Insider Activity

In other Northrop Grumman news, VP Roshan S. Roeder sold 991 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total value of $485,590.00. Following the completion of the sale, the vice president owned 319 shares in the company, valued at $156,310. This trade represents a 75.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kathy J. Warden sold 7,500 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $3,793,275.00. Following the completion of the transaction, the chief executive officer directly owned 201,602 shares in the company, valued at $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,569 shares of company stock valued at $8,323,150. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. boosted its position in Northrop Grumman by 3.0% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock worth $330,000 after buying an additional 19 shares during the period. Salvus Wealth Management LLC grew its stake in shares of Northrop Grumman by 1.5% in the 1st quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock worth $691,000 after acquiring an additional 20 shares in the last quarter. IAG Wealth Partners LLC grew its stake in shares of Northrop Grumman by 8.4% in the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock worth $139,000 after acquiring an additional 21 shares in the last quarter. Integrated Investment Consultants LLC boosted its holdings in shares of Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company's stock worth $283,000 after buying an additional 21 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its holdings in shares of Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after buying an additional 22 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

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.