Deutsche Bank Aktiengesellschaft Reaffirms "Hold" Rating for Northrop Grumman (NYSE:NOC)

Northrop Grumman (NYSE:NOC - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, MarketBeat reports. They presently 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 6.21% from the stock's previous close.

NOC has been the topic of a number of other reports. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and upped their target price for the company from $424.00 to $521.00 in a report on Friday, April 11th. 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. Wall Street Zen cut shares of Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Susquehanna dropped their target price on shares of Northrop Grumman from $557.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group dropped their target price on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Northrop Grumman has an average rating of "Moderate Buy" and a consensus price target of $550.00.

Northrop Grumman Stock Down 0.7%

Shares of Northrop Grumman stock traded down $3.55 during trading hours on Tuesday, reaching $510.32. 243,615 shares of the company's stock were exchanged, compared to its average volume of 876,584. The company has a 50 day moving average of $488.87 and a two-hundred day moving average of $485.25. Northrop Grumman has a fifty-two week low of $424.66 and a fifty-two week high of $555.57. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock has a market cap of $73.45 billion, a P/E ratio of 20.15, a P/E/G ratio of 5.55 and a beta of 0.15.

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

Insider Buying and Selling at Northrop Grumman

In related news, CEO Kathy J. Warden sold 7,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 201,602 shares in the company, valued at approximately $101,964,243.54. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Roshan S. Roeder sold 991 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total transaction of $485,590.00. Following the sale, the vice president owned 319 shares in the company, valued at $156,310. This represents a 75.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,569 shares of company stock worth $8,323,150. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of Northrop Grumman

Several large investors have recently made changes to their positions in NOC. IMA Advisory Services Inc. acquired a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $30,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $32,000. Finally, Bellwether Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 83.40% of the company's stock.

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.