Northrop Grumman - NOC Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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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11 brokers have issued 1-year target prices for Northrop Grumman's stock. Their NOC share price forecasts range from $410.00 to $560.00. On average, they predict the company's stock price to reach $504.27 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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Northrop Grumman's stock was trading at $387.07 on January 1st, 2022. Since then, NOC shares have increased by 25.2% and is now trading at $484.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Northrop Grumman will be holding an earnings conference call on Thursday, October 27th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Northrop Grumman Co. (NYSE:NOC) issued its quarterly earnings results on Thursday, October, 28th. The aerospace company reported $6.63 earnings per share for the quarter, beating analysts' consensus estimates of $5.93 by $0.70. The aerospace company had revenue of $8.72 billion for the quarter, compared to analysts' expectations of $8.94 billion. Northrop Grumman had a net margin of 16.23% and a trailing twelve-month return on equity of 30.52%. The firm's revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.89 EPS.
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Northrop Grumman declared a quarterly dividend on Wednesday, August 17th. Investors of record on Monday, August 29th will be paid a dividend of $1.73 per share on Wednesday, September 14th. This represents a $6.92 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 26th.
Read our dividend analysis for NOC.

Northrop Grumman (NYSE:NOC) pays an annual dividend of $6.92 per share and currently has a dividend yield of 1.41%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 25.76% 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 FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $24.50-$25.10 for the period, compared to the consensus earnings per share estimate of $24.83. The company issued revenue guidance of $36.20 billion-$36.60 billion, compared to the consensus revenue estimate of $36.54 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 Raytheon Technologies (RTX), Lockheed Martin (LMT), NVIDIA (NVDA), Boeing (BA), Home Depot (HD), Micron Technology (MU), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC) and Honeywell International (HON).

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 LVM Capital Management Ltd. MI (0.02%), AdvisorNet Financial Inc (0.00%), Bowling Portfolio Management LLC (0.00%), Capital Investment Advisors LLC (0.00%), Symmetry Partners LLC (0.00%) and Wedmont Private Capital (0.00%). Insiders that own company stock include David T Perry, Janis G Pamiljans, Karl J Krapek, Kathy J Warden, Kenneth L Bedingfield, 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 $484.45.

Northrop Grumman (NYSE:NOC) has a market capitalization of $74.95 billion and generates $35.67 billion in revenue each year. The aerospace company earns $7.01 billion in net income (profit) each year or $35.93 on an earnings per share basis.

The company employs 88,000 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.