Northrop Grumman - NOC Stock Forecast, Price & News

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.

Northrop Grumman Trading Up 1.4 %

NYSE:NOC opened at $492.51 on Thursday. The company has a 50-day moving average of $466.62 and a 200-day moving average of $449.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20. Northrop Grumman has a 12 month low of $344.89 and a 12 month high of $496.30. The company has a market cap of $76.20 billion, a P/E ratio of 13.71, a P/E/G ratio of 8.98 and a beta of 0.62.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Monday, August 29th will be given a $1.73 dividend. This represents a $6.92 annualized dividend and a dividend yield of 1.41%. Northrop Grumman's payout ratio is currently 19.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NOC shares. Cowen set a $510.00 price objective on shares of Northrop Grumman in a research report on Tuesday, July 19th. Argus raised their price objective on shares of Northrop Grumman from $420.00 to $495.00 in a research note on Thursday, May 12th. Morgan Stanley upped their target price on Northrop Grumman from $521.00 to $530.00 and gave the company an "overweight" rating in a research note on Tuesday, July 12th. Susquehanna Bancshares raised their price target on Northrop Grumman from $520.00 to $530.00 and gave the stock a "positive" rating in a research report on Friday, July 29th. Finally, Robert W. Baird upgraded Northrop Grumman from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $488.00 to $529.00 in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $468.18.

Insider Transactions at Northrop Grumman

In other news, VP Sheila C. Cheston sold 4,025 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total transaction of $1,907,809.75. Following the sale, the vice president now directly owns 25,350 shares in the company, valued at approximately $12,015,646.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas L. Wilson, Jr. sold 582 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $482.00, for a total transaction of $280,524.00. Following the sale, the vice president now directly owns 2,094 shares in the company, valued at approximately $1,009,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sheila C. Cheston sold 4,025 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total value of $1,907,809.75. Following the completion of the sale, the vice president now owns 25,350 shares of the company's stock, valued at $12,015,646.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,607 shares of company stock worth $7,007,034. 0.26% of the stock is currently owned by corporate insiders.