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 Price Performance
Shares of Northrop Grumman stock traded down $8.77 during trading hours on Monday, reaching $468.82. The company's stock had a trading volume of 7,100 shares, compared to its average volume of 924,756. The firm has a 50 day moving average price of $465.74 and a 200-day moving average price of $445.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20. The stock has a market cap of $72.53 billion, a P/E ratio of 13.06, a P/E/G ratio of 8.81 and a beta of 0.62. Northrop Grumman has a one year low of $344.89 and a one year high of $492.30.
Northrop Grumman Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were paid a dividend of $1.73 per share. This is a positive change from Northrop Grumman's previous quarterly dividend of $1.57. This represents a $6.92 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, May 27th. Northrop Grumman's dividend payout ratio (DPR) is currently 19.26%.
Analysts Set New Price Targets
NOC has been the subject of a number of recent research reports. Robert W. Baird raised shares of Northrop Grumman from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $488.00 to $529.00 in a research report on Friday, July 29th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Northrop Grumman in a research note on Tuesday, April 19th. StockNews.com cut Northrop Grumman from a "buy" rating to a "hold" rating in a research report on Monday, August 1st. Cowen set a $510.00 target price on shares of Northrop Grumman in a report on Tuesday, July 19th. Finally, Argus increased their price target on Northrop Grumman from $420.00 to $495.00 in a research note on Thursday, May 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $468.18.