Northrop Grumman - NOC Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last year. 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 brokerages have issued 1-year price targets for Northrop Grumman's shares. Their NOC share price forecasts range from $375.00 to $655.00. On average, they predict the company's share price to reach $508.13 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Northrop Grumman's stock was trading at $545.61 at the beginning of 2023. Since then, NOC stock has decreased by 18.7% and is now trading at $443.75.
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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 Co. (NYSE:NOC) issued its quarterly earnings results on Thursday, January, 26th. The aerospace company reported $7.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.93. The aerospace company had revenue of $10 billion for 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 period last year, the company posted $6.00 earnings per share.
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Northrop Grumman declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Monday, February 27th will be given a dividend of $1.73 per share on Wednesday, March 15th. This represents a $6.92 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend 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), AdvisorShares Drone Technology ETF (UAV), iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT), AdvisorShares Gerber Kawasaki ETF (GK) and Constrained Capital ESG Orphans ETF (ORFN).

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 updated its FY 2023 earnings guidance on Thursday, January, 26th. The company provided earnings per share guidance of $21.85-$22.45 for the period, compared to the consensus EPS 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 a number of institutional and retail 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 $443.75.

Northrop Grumman (NYSE:NOC) has a market capitalization of $67.50 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.