Northrop Grumman - NOC Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last twelve months. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 12-month price targets for Northrop Grumman's shares. Their NOC share price forecasts range from $350.00 to $530.00. On average, they predict the company's stock price to reach $468.18 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
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Northrop Grumman's stock was trading at $387.07 at the start of the year. Since then, NOC shares have increased by 21.4% and is now trading at $470.05.
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Northrop Grumman is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Northrop Grumman Co. (NYSE:NOC) announced its earnings results on Thursday, October, 28th. The aerospace company reported $6.63 earnings per share for the quarter, topping analysts' consensus estimates of $5.93 by $0.70. The aerospace company earned $8.72 billion during the quarter, compared to analyst estimates of $8.94 billion. Northrop Grumman had a trailing twelve-month return on equity of 30.52% and a net margin of 16.23%. Northrop Grumman's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.89 EPS.
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Northrop Grumman announced a quarterly dividend on Tuesday, May 17th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $1.73 per share on Wednesday, June 15th. This represents a $6.92 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, May 27th. This is an increase from the stock's previous quarterly dividend of $1.57.
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 1.45%. The company has been increasing its dividend for 20 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 25.50% 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 (EPS) guidance of $24.50-$25.10 for the period, compared to the consensus EPS 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 retail and institutional investors. Top institutional investors include Allen Investment Management LLC (0.43%), AustralianSuper Pty Ltd (0.40%), Yacktman Asset Management LP (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), TD Asset Management Inc. (0.22%) and Focused Investors LLC (0.20%). 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 $470.05.

Northrop Grumman (NYSE:NOC) has a market capitalization of $72.72 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.

Northrop Grumman employs 88,000 workers across the globe.

Northrop Grumman was founded in 1939.

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.