Northrop Grumman Stock Price, News & Analysis (NYSE:NOC)

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last year. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares.
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16 analysts have issued 12 month target prices for Northrop Grumman's stock. Their NOC share price targets range from $375.00 to $615.00. On average, they anticipate the company's stock price to reach $500.20 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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Northrop Grumman's stock was trading at $545.61 at the beginning of the year. Since then, NOC shares have decreased by 12.7% and is now trading at $476.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
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Northrop Grumman Co. (NYSE:NOC) announced its quarterly earnings results on Thursday, October, 26th. The aerospace company reported $6.18 earnings per share for the quarter, topping analysts' consensus estimates of $5.81 by $0.37. The aerospace company earned $9.78 billion during the quarter, compared to analyst estimates of $9.58 billion. Northrop Grumman had a net margin of 12.07% and a trailing twelve-month return on equity of 24.24%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.89 EPS.
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Northrop Grumman declared a quarterly dividend on Wednesday, November 15th. Investors of record on Monday, November 27th will be given a dividend of $1.87 per share on Wednesday, December 13th. This represents a $7.48 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, November 24th.
Read our dividend analysis for NOC.

Northrop Grumman (NYSE:NOC) pays an annual dividend of $7.48 per share and currently has a dividend yield of 1.57%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 31.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOC.

ETFs with the largest weight of Northrop Grumman (NYSE:NOC) stock in their portfolio include VictoryShares Protect America ETF (SHLD), First Trust Indxx Aerospace & Defense ETF (MISL), Invesco Aerospace & Defense ETF (PPA), Gabelli Commercial Aerospace & Defense ETF (GCAD), iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT) and AdvisorShares Drone Technology ETF (UAV).

Northrop Grumman issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $22.45-22.85 for the period, compared to the consensus earnings per share estimate of $22.74. The company issued revenue guidance of ~$39 billion, compared to the consensus revenue estimate of $38.80 billion.

610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com. Kathy Warden has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Northrop Grumman investors own include RTX (RTX), Lockheed Martin (LMT), NVIDIA (NVDA), Boeing (BA), Home Depot (HD), Micron Technology (MU), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC) and

Northrop Grumman's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (3.83%), JPMorgan Chase & Co. (2.98%), FMR LLC (2.93%), Morgan Stanley (2.78%), Massachusetts Financial Services Co. MA (2.72%) and Sanders Capital LLC (1.45%). Insiders that own company stock include David T Perry, Janis G Pamiljans, Karl J Krapek, Kathy J Warden, Lesley A Kalan, Mark A Caylor, Mark A Caylor, Mary D Petryszyn, Mary D Petryszyn, Michael A Hardesty, Roshan S Roeder, Shawn N Purvis, Sheila C Cheston, Thomas H Jones and Thomas L Wilson Jr.
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Shares of NOC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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