Northrop Grumman (NYSE:NOC) Research Coverage Started at Rothschild & Co Redburn

Rothschild & Co Redburn started coverage on shares of Northrop Grumman (NYSE:NOC) in a report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $680.00 price target on the aerospace company’s stock.

Several other equities analysts have also recently weighed in on NOC. Wells Fargo & Company restated an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 8th. TD Cowen upped their target price on Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Guggenheim assumed coverage on Northrop Grumman in a research report on Monday, September 14th. They set a “buy” rating and a $612.00 price target for the company. Citigroup raised 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, UBS Group boosted their price target on Northrop Grumman from $685.00 to $704.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $639.04.

Northrop Grumman Price Performance

NYSE NOC opened at $483.94 on Tuesday. The firm’s 50 day moving average is $532.72 and its 200-day moving average is $560.45. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $68.73 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.78 and a beta of -0.11. Northrop Grumman has a 12-month low of $470.06 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the company posted $8.15 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts anticipate that Northrop Grumman will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st were paid a dividend of $2.47 per share. The ex-dividend date was Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 2.0%. Northrop Grumman’s payout ratio is currently 31.39%.

Insider Activity

In related news, Director Mark Welsh, III sold 95 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

A number of hedge funds and other institutional investors have recently bought and sold shares of NOC. State Street Corp lifted its position in shares of Northrop Grumman by 1.3% in the second quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock valued at $6,707,203,000 after buying an additional 168,267 shares during the last quarter. BlackRock Inc. bought a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $6,001,616,000. Bank of America Corp DE acquired a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $1,298,141,000. Dimensional Fund Advisors LP increased its holdings in shares of Northrop Grumman by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 960,690 shares of the aerospace company’s stock worth $655,373,000 after acquiring an additional 5,811 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Northrop Grumman by 11.1% in the 1st quarter. Bessemer Group Inc. now owns 587,121 shares of the aerospace company’s stock valued at $400,557,000 after acquiring an additional 58,690 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.