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, 6 hold ratings and 7 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 analysts have issued twelve-month price objectives for Northrop Grumman's stock. Their NOC share price forecasts range from $375.00 to $655.00. On average, they anticipate the company's share price to reach $508.13 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
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Northrop Grumman's stock was trading at $545.61 on January 1st, 2023. Since then, NOC shares have decreased by 16.6% and is now trading at $455.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Northrop Grumman will be holding an earnings conference call on Thursday, April 27th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Northrop Grumman Co. (NYSE:NOC) announced its earnings results on Thursday, January, 26th. The aerospace company reported $7.50 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.93. The aerospace company earned $10 billion during the quarter, compared to analyst estimates of $9.64 billion. Northrop Grumman had a trailing twelve-month return on equity of 28.29% and a net margin of 13.38%. The company's revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $6.00 earnings per share.
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Northrop Grumman declared a quarterly dividend on Thursday, February 16th. Stockholders of record on Monday, February 27th will be paid a dividend of $1.73 per share on Wednesday, March 15th. This represents a $6.92 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, February 24th.
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), iShares U.S. Aerospace & Defense ETF (ITA), AdvisorShares Drone Technology ETF (UAV), SPDR S&P Aerospace & Defense ETF (XAR), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), SPDR S&P Kensho Final Frontiers ETF (ROKT) and AdvisorShares Gerber Kawasaki ETF (GK).

Northrop Grumman (NYSE:NOC) pays an annual dividend of $6.92 per share and currently has a dividend yield of 1.54%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 28.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOC.

Northrop Grumman issued an update on its FY 2023 earnings guidance on Thursday, January, 26th. The company provided earnings per share (EPS) guidance of $21.85-$22.45 for the period, compared to the consensus estimate of $22.30. The company issued revenue guidance of $38.00 billion-$38.40 billion, compared to the consensus revenue estimate of $37.86 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 many different retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.19%), Sanders Capital LLC (1.94%), Geode Capital Management LLC (1.78%), Putnam Investments LLC (0.87%), Price T Rowe Associates Inc. MD (0.79%) and Jennison Associates LLC (0.69%). 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 $455.25.

Northrop Grumman (NYSE:NOC) has a market capitalization of $69.25 billion and generates $36.60 billion in revenue each year. The aerospace company earns $4.90 billion in net income (profit) each year or $31.51 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.