Weekly Analysts’ Ratings Updates for Northrop Grumman (NOC)

A number of research firms have changed their ratings and price targets for Northrop Grumman (NYSE: NOC):

  • 1/24/2023 – Northrop Grumman was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/18/2023 – Northrop Grumman had its price target lowered by analysts at Wells Fargo & Company from $575.00 to $460.00. They now have an “equal weight” rating on the stock.
  • 1/17/2023 – Northrop Grumman had its price target lowered by analysts at Cowen Inc from $570.00 to $500.00. They now have an “outperform” rating on the stock.
  • 1/16/2023 – Northrop Grumman was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 1/13/2023 – Northrop Grumman was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating. They now have a $375.00 price target on the stock, down previously from $440.00.
  • 1/12/2023 – Northrop Grumman had its price target lowered by analysts at Credit Suisse Group AG from $575.00 to $540.00. They now have an “outperform” rating on the stock.
  • 12/15/2022 – Northrop Grumman had its price target raised by analysts at Morgan Stanley from $585.00 to $626.00. They now have an “overweight” rating on the stock.
  • 12/8/2022 – Northrop Grumman is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $544.00 price target on the stock.
  • 12/8/2022 – Northrop Grumman was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Northrop Grumman Stock Performance

NOC stock traded up $3.98 on Wednesday, hitting $463.29. The company’s stock had a trading volume of 1,140,793 shares, compared to its average volume of 1,343,563. The firm has a 50 day moving average of $515.14 and a two-hundred day moving average of $498.08. Northrop Grumman Co. has a 1 year low of $364.62 and a 1 year high of $556.27. The stock has a market cap of $71.31 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 8.79 and a beta of 0.60. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85.

Northrop Grumman (NYSE:NOCGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The aerospace company reported $5.89 EPS for the quarter, missing analysts’ consensus estimates of $6.09 by ($0.20). The firm had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. Northrop Grumman had a return on equity of 27.99% and a net margin of 15.69%. Equities analysts predict that Northrop Grumman Co. will post 24.65 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Monday, November 28th were given a dividend of $1.73 per share. The ex-dividend date was Friday, November 25th. This represents a $6.92 dividend on an annualized basis and a yield of 1.49%. Northrop Grumman’s payout ratio is currently 19.66%.

Hedge Funds Weigh In On Northrop Grumman

A number of large investors have recently bought and sold shares of NOC. Cibc World Market Inc. grew its stake in shares of Northrop Grumman by 59.4% during the 1st quarter. Cibc World Market Inc. now owns 7,390 shares of the aerospace company’s stock worth $3,305,000 after purchasing an additional 2,753 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Northrop Grumman by 41.4% during the 1st quarter. Vontobel Holding Ltd. now owns 3,445 shares of the aerospace company’s stock worth $1,541,000 after purchasing an additional 1,008 shares during the period. Prudential PLC acquired a new position in shares of Northrop Grumman during the 1st quarter worth $1,514,000. Sequoia Financial Advisors LLC grew its stake in shares of Northrop Grumman by 21.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,390 shares of the aerospace company’s stock worth $622,000 after purchasing an additional 247 shares during the period. Finally, Zions Bancorporation N.A. grew its stake in shares of Northrop Grumman by 11.0% during the 1st quarter. Zions Bancorporation N.A. now owns 1,890 shares of the aerospace company’s stock worth $845,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

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.

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