Northrop Grumman - NOC Stock Forecast, Price & News

11 Wall Street 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 analysts is that investors should "buy" NOC shares.
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11 brokers have issued 1 year target prices for Northrop Grumman's shares. Their NOC share price forecasts range from $410.00 to $585.00. On average, they expect the company's share price to reach $536.92 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
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Northrop Grumman's stock was trading at $387.07 at the beginning of the year. Since then, NOC stock has increased by 35.6% and is now trading at $524.88.
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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 trading volume of 971,500 shares, the short-interest ratio is currently 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 earnings results on Thursday, October, 28th. The aerospace company reported $6.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 27.99% and a net margin of 15.69%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $5.89 EPS.
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Northrop Grumman announced 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 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend 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 1.31%. 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 30.24% 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 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) 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 a number of institutional and retail investors. Top institutional shareholders 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 $524.88.

Northrop Grumman (NYSE:NOC) has a market capitalization of $80.79 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.