Northrop Grumman (NYSE:NOC) Stock Price Expected to Rise, Susquehanna Analyst Says

Northrop Grumman (NYSE:NOC) had its price objective raised by research analysts at Susquehanna from $650.00 to $690.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price target would indicate a potential upside of 14.02% from the company’s previous close.

A number of other analysts have also recently issued reports on NOC. Morgan Stanley raised their target price on shares of Northrop Grumman from $625.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada raised their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein upped their target price on Northrop Grumman from $630.00 to $674.00 and gave the company a “market perform” rating in a research report on Monday. Wall Street Zen upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $700.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $642.73.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $605.17 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $86.65 billion, a P/E ratio of 21.77, a P/E/G ratio of 5.63 and a beta of 0.10. Northrop Grumman has a 12 month low of $426.24 and a 12 month high of $640.90. The stock has a 50 day moving average of $593.98 and a 200-day moving average of $539.83.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the business earned $7.00 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. As a group, equities research analysts predict that Northrop Grumman will post 28.05 EPS for the current year.

Institutional Trading of Northrop Grumman

A number of institutional investors have recently modified their holdings of NOC. Brookstone Capital Management raised its stake in Northrop Grumman by 121.0% in the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock valued at $3,400,000 after purchasing an additional 3,635 shares in the last quarter. First United Bank & Trust increased its holdings in Northrop Grumman by 641.0% in the 2nd quarter. First United Bank & Trust now owns 778 shares of the aerospace company’s stock valued at $389,000 after buying an additional 673 shares during the period. Golden State Wealth Management LLC raised its position in shares of Northrop Grumman by 206.2% in the 1st quarter. Golden State Wealth Management LLC now owns 2,771 shares of the aerospace company’s stock valued at $1,421,000 after buying an additional 1,866 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Northrop Grumman by 18.8% during the 1st quarter. Bessemer Group Inc. now owns 795,839 shares of the aerospace company’s stock worth $407,477,000 after acquiring an additional 125,693 shares during the period. Finally, Fortem Financial Group LLC boosted its position in shares of Northrop Grumman by 118.2% during the 1st quarter. Fortem Financial Group LLC now owns 1,104 shares of the aerospace company’s stock worth $565,000 after acquiring an additional 598 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. 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.