Northrop Grumman - NOC Stock Forecast, Price & News

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.

Northrop Grumman Stock Up 0.8 %

Shares of NYSE:NOC opened at $473.73 on Wednesday. The company has a fifty day moving average of $465.84 and a 200-day moving average of $446.07. The company has a market capitalization of $73.29 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 8.81 and a beta of 0.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.20 and a current ratio of 1.30. Northrop Grumman has a 52-week low of $344.89 and a 52-week high of $492.30.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a dividend of $1.73 per share. The ex-dividend date of this dividend was Friday, May 27th. This is an increase from Northrop Grumman's previous quarterly dividend of $1.57. This represents a $6.92 annualized dividend and a dividend yield of 1.46%. Northrop Grumman's dividend payout ratio is 19.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Seaport Res Ptn reiterated a "buy" rating on shares of Northrop Grumman in a research note on Tuesday, April 19th. Morgan Stanley boosted their price target on Northrop Grumman from $521.00 to $530.00 and gave the company an "overweight" rating in a research note on Tuesday, July 12th. Cowen set a $510.00 target price on Northrop Grumman in a research note on Tuesday, July 19th. Susquehanna Bancshares upped their target price on Northrop Grumman from $520.00 to $530.00 and gave the stock a "positive" rating in a research note on Friday, July 29th. Finally, StockNews.com upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $468.18.

Insider Transactions at Northrop Grumman

In other news, CEO Kathy J. Warden sold 10,000 shares of the company's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total transaction of $4,818,700.00. Following the completion of the transaction, the chief executive officer now directly owns 134,583 shares in the company, valued at $64,851,510.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Thomas L. Wilson, Jr. sold 582 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total value of $280,524.00. Following the completion of the sale, the vice president now directly owns 2,094 shares in the company, valued at $1,009,308. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 10,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total value of $4,818,700.00. Following the completion of the sale, the chief executive officer now owns 134,583 shares of the company's stock, valued at $64,851,510.21. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.