Northrop Grumman (NOC) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 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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15 brokerages have issued 12-month price targets 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 $509.00 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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Northrop Grumman's stock was trading at $545.61 at the beginning of the year. Since then, NOC shares have decreased by 19.7% and is now trading at $438.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Northrop Grumman Co. (NYSE:NOC) posted its quarterly earnings data on Thursday, April, 27th. The aerospace company reported $5.50 EPS for the quarter, topping analysts' consensus estimates of $5.16 by $0.34. The aerospace company earned $9.30 billion during the quarter, compared to analysts' expectations of $9.19 billion. Northrop Grumman had a net margin of 12.89% and a trailing twelve-month return on equity of 26.61%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.10 EPS.
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Northrop Grumman declared a quarterly dividend on Tuesday, May 16th. Shareholders of record on Tuesday, May 30th will be given a dividend of $1.87 per share on Wednesday, June 14th. This represents a $7.48 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, May 26th. This is a boost from the stock's previous quarterly dividend of $1.73.
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), SPDR Kensho Final Frontiers ETF (ROKT), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and AdvisorShares Gerber Kawasaki ETF (GK).

Northrop Grumman (NYSE:NOC) pays an annual dividend of $7.48 per share and currently has a dividend yield of 1.71%. 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 24.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 30.38% 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, April, 27th. The company provided earnings per share guidance of $22.25-$22.85 for the period, compared to the consensus earnings per share estimate of $22.03. The company issued revenue guidance of $38.00 billion-$38.40 billion, compared to the consensus revenue estimate of $38.32 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 variety of retail and institutional investors. Top institutional investors include State Street Corp (9.35%), Wellington Management Group LLP (3.96%), FMR LLC (3.60%), Geode Capital Management LLC (1.79%), Sanders Capital LLC (1.40%) and Ameriprise Financial Inc. (1.39%). 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 $438.30.

Northrop Grumman (NYSE:NOC) has a market capitalization of $66.56 billion and generates $36.60 billion in revenue each year. The aerospace company earns $4.90 billion in net income (profit) each year or $30.91 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.