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 twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NOC shares.
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11 equities research analysts have issued 12 month target prices for Northrop Grumman's stock. Their NOC share price forecasts range from $410.00 to $585.00. On average, they predict the company's stock price to reach $536.92 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Northrop Grumman's stock was trading at $387.07 at the beginning of 2022. Since then, NOC stock has increased by 41.0% and is now trading at $545.60.
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Northrop Grumman saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,880,000 shares, a drop of 27.7% from the October 31st total of 2,600,000 shares. Based on an average daily volume of 971,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Northrop Grumman Co. (NYSE:NOC) released its quarterly earnings results on Thursday, October, 28th. The aerospace company reported $6.63 EPS 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 analyst estimates of $8.94 billion. Northrop Grumman had a net margin of 15.69% and a trailing twelve-month return on equity of 27.99%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.89 earnings per share.
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Northrop Grumman declared a quarterly dividend on Wednesday, November 16th. Investors of record on Monday, November 28th will be given a dividend of $1.73 per share on Wednesday, December 14th. This represents a $6.92 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, November 25th.
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 1.30%. 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 19.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 31.21% 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, November, 3rd. The company provided earnings per share guidance of $24.50-$25.10 for the period, compared to the consensus earnings per share estimate of $24.73. The company issued revenue guidance of $36.20 billion-$36.60 billion, compared to the consensus revenue estimate of $36.31 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

Northrop Grumman trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOC."

Northrop Grumman's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (9.33%), Vanguard Group Inc. (7.88%), BlackRock Inc. (5.93%), Massachusetts Financial Services Co. MA (3.41%), Sanders Capital LLC (1.99%) and Price T Rowe Associates Inc. MD (1.39%). 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 $545.60.

Northrop Grumman (NYSE:NOC) has a market capitalization of $83.97 billion and generates $35.67 billion in revenue each year. The aerospace company earns $7.01 billion in net income (profit) each year or $35.19 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.