Northrop Grumman (NYSE:NOC) Upgraded to “Overweight” at Alembic Global Advisors

Northrop Grumman (NYSE:NOC) was upgraded by research analysts at Alembic Global Advisors from a “neutral” rating to an “overweight” rating in a report issued on Monday, Marketbeat Ratings reports. The firm presently has a $662.00 price objective on the aerospace company’s stock. Alembic Global Advisors’ price objective would suggest a potential upside of 16.25% from the stock’s current price.

A number of other research firms also recently commented on NOC. BNP Paribas Exane started coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 target price on the stock. Citigroup assumed coverage on shares of Northrop Grumman in a research report on Thursday. They issued a “buy” rating and a $654.00 price objective on the stock. Susquehanna increased their price objective on shares of Northrop Grumman from $650.00 to $690.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $700.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Northrop Grumman in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $651.53.

Northrop Grumman Stock Down 0.0%

Shares of NOC traded down $0.28 during midday trading on Monday, hitting $569.48. The company had a trading volume of 96,277 shares, compared to its average volume of 903,272. Northrop Grumman has a 1 year low of $426.24 and a 1 year high of $640.90. The firm has a market capitalization of $81.28 billion, a P/E ratio of 20.55, a P/E/G ratio of 4.93 and a beta of 0.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The company’s 50-day simple moving average is $580.16 and its 200-day simple moving average is $560.16.

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

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the sale, the director owned 4,281 shares in the company, valued at approximately $2,414,826.48. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Northrop Grumman

A number of hedge funds have recently made changes to their positions in NOC. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the third quarter worth about $27,000. Physician Wealth Advisors Inc. raised its holdings in shares of Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the period. Parvin Asset Management LLC acquired a new stake in Northrop Grumman during the second quarter worth about $25,000. Hopwood Financial Services Inc. bought a new stake in shares of Northrop Grumman in the 3rd quarter worth approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Northrop Grumman during the third quarter valued at $32,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

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.