Northrop Grumman (NOC) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 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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14 equities research analysts have issued twelve-month target prices for Northrop Grumman's shares. Their NOC share price forecasts range from $375.00 to $615.00. On average, they predict the company's share price to reach $503.07 in the next year. This suggests a possible upside of 18.2% 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 22.0% and is now trading at $425.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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Northrop Grumman Co. (NYSE:NOC) announced its quarterly earnings data on Thursday, July, 27th. The aerospace company reported $5.34 earnings per share for the quarter, topping analysts' consensus estimates of $5.31 by $0.03. The aerospace company earned $9.58 billion during the quarter, compared to analysts' expectations of $9.32 billion. Northrop Grumman had a net margin of 12.27% and a trailing twelve-month return on equity of 24.90%.
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Northrop Grumman declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Monday, August 28th will be paid a dividend of $1.87 per share on Wednesday, September 13th. This represents a $7.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, August 25th.
Read our dividend analysis for NOC.

ETFs with the largest weight of Northrop Grumman (NYSE:NOC) stock in their portfolio include 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 Kensho Final Frontiers ETF (ROKT), AdvisorShares Drone Technology ETF (UAV) and Constrained Capital ESG Orphans ETF (ORFN).

Northrop Grumman (NYSE:NOC) pays an annual dividend of $7.48 per share and currently has a dividend yield of 1.76%. 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 24.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 30.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOC.

Northrop Grumman updated its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $22.45-22.85 for the period, compared to the consensus EPS estimate of $22.64. The company issued revenue guidance of $38.4-38.8 billion, compared to the consensus revenue estimate of $38.40 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOC."

Northrop Grumman's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (9.35%), Capital International Investors (8.05%), BlackRock Inc. (6.35%), JPMorgan Chase & Co. (2.70%), Capital World Investors (2.45%) and Geode Capital Management LLC (1.83%). 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, 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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One share of NOC stock can currently be purchased for approximately $425.66.

Northrop Grumman (NYSE:NOC) has a market capitalization of $64.40 billion and generates $36.60 billion in revenue each year. The aerospace company earns $4.90 billion in net income (profit) each year or $30.19 on an earnings per share basis.

The company employs 95,000 workers across the globe.

Northrop Grumman's mailing address is 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA, 22042. The official website for the company is www.northropgrumman.com. The aerospace company can be reached via phone at (703) 280-2900, via email at investors@ngc.com, or via fax at 302-655-5049.