Northrop Grumman (NYSE:NOC) Price Target Raised to $590.00

Northrop Grumman (NYSE:NOC) had its target price raised by TD Cowen from $550.00 to $590.00 in a research report report published on Wednesday morning, MarketBeat.com reports. TD Cowen currently has a hold rating on the aerospace company’s stock.

Several other equities analysts also recently commented on the stock. UBS Group increased their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Citigroup increased their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 price objective on shares of Northrop Grumman in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $661.30.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $552.29 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. Northrop Grumman has a 52 week low of $479.02 and a 52 week high of $774.00. The stock has a market capitalization of $78.44 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 3.65 and a beta of -0.11. The stock has a fifty day moving average of $541.45 and a 200-day moving average of $610.05.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts expect that Northrop Grumman will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Northrop Grumman

A number of hedge funds have recently made changes to their positions in the stock. Torren Management LLC acquired a new stake in Northrop Grumman during the 4th quarter valued at approximately $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $29,000. Perkins Coie Trust Co bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at $29,000. Finally, Financial Life Planners bought a new stake in shares of Northrop Grumman in the 1st quarter valued at $30,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.