Susquehanna Increases Northrop Grumman (NYSE:NOC) Price Target to $690.00

Key Points

• Susquehanna raised its price target for Northrop Grumman from $650.00 to $690.00, indicating a potential upside of 14.79% from the company's previous close.
• Other firms like Morgan Stanley and Truist Financial have also increased their price targets, with Morgan Stanley setting a target of $720.00 and maintaining an "overweight" rating.
• Northrop Grumman reported $7.67 earnings per share for the latest quarter, exceeding analysts' expectations and demonstrating a 4.3% revenue growth compared to the same quarter last year.

Northrop Grumman (NYSE:NOC - Get Free Report) had its price objective increased by stock analysts at Susquehanna from $650.00 to $690.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a "positive" rating on the aerospace company's stock. Susquehanna's target price would suggest a potential upside of 14.79% from the company's previous close.

NOC has been the subject of a number of other research reports. Morgan Stanley increased their price target on shares of Northrop Grumman from $625.00 to $720.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Wells Fargo & Company restated an "overweight" rating on shares of Northrop Grumman in a report on Tuesday, July 22nd. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $580.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Sanford C. Bernstein raised their target price on shares of Northrop Grumman from $630.00 to $674.00 and gave the company a "market perform" rating in a report on Monday. Finally, Truist Financial raised their target price on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. One investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $637.60.

Northrop Grumman Trading Up 0.3%

NOC stock traded up $1.75 during mid-day trading on Wednesday, reaching $601.10. The company had a trading volume of 67,051 shares, compared to its average volume of 933,914. The company has a market capitalization of $86.06 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 5.85 and a beta of 0.10. Northrop Grumman has a 12 month low of $426.24 and a 12 month high of $640.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a 50 day moving average of $593.28 and a 200 day moving average of $538.58.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.24. The firm had revenue of $10.42 billion during the quarter, compared to analysts' expectations of $10.68 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $7.00 earnings per share. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. On average, equities analysts predict that Northrop Grumman will post 28.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Northrop Grumman

Institutional investors and hedge funds have recently made changes to their positions in the stock. Glass Wealth Management Co LLC grew its position in shares of Northrop Grumman by 9.3% in the third quarter. Glass Wealth Management Co LLC now owns 8,879 shares of the aerospace company's stock valued at $5,410,000 after purchasing an additional 754 shares in the last quarter. Earned Wealth Advisors LLC purchased a new position in shares of Northrop Grumman in the 3rd quarter worth $215,000. Asset Management One Co. Ltd. lifted its position in Northrop Grumman by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 62,875 shares of the aerospace company's stock valued at $38,311,000 after purchasing an additional 490 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Northrop Grumman by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 9,770 shares of the aerospace company's stock valued at $5,953,000 after acquiring an additional 29 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Northrop Grumman by 6.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,839 shares of the aerospace company's stock valued at $1,121,000 after buying an additional 112 shares during the last quarter. 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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