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.
Analyst Ratings Changes
Several brokerages have recently issued reports on NOC. Seaport Res Ptn restated a "buy" rating on shares of Northrop Grumman in a research report on Tuesday, April 19th. StockNews.com downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a research report on Monday, August 1st. Morgan Stanley increased their target price on Northrop Grumman from $521.00 to $530.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 12th. Robert W. Baird upgraded Northrop Grumman from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $488.00 to $529.00 in a research note on Friday, July 29th. Finally, UBS Group upped their price target on Northrop Grumman from $410.00 to $450.00 in a research note on Friday, April 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $468.18.
Northrop Grumman Stock Performance
Northrop Grumman stock traded down $0.45 during mid-day trading on Friday, hitting $477.59. 522,362 shares of the company's stock traded hands, compared to its average volume of 751,169. Northrop Grumman has a one year low of $344.89 and a one year high of $492.30. The company has a market cap of $73.89 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 8.81 and a beta of 0.62. The firm has a 50 day moving average price of $465.74 and a 200 day moving average price of $445.04. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.94.
Northrop Grumman Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a dividend of $1.73 per share. The ex-dividend date was Friday, May 27th. This is a boost from Northrop Grumman's previous quarterly dividend of $1.57. This represents a $6.92 annualized dividend and a dividend yield of 1.45%. Northrop Grumman's dividend payout ratio (DPR) is 19.26%.