UBS Group Boosts Northrop Grumman (NYSE:NOC) Price Target to $643.00

Northrop Grumman (NYSE:NOC) had its price target upped by research analysts at UBS Group from $614.00 to $643.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. UBS Group’s target price would suggest a potential upside of 23.81% from the stock’s previous close.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Morgan Stanley boosted their target price on Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the company from $474.00 to $575.00 in a research report on Monday, July 29th. Susquehanna boosted their target price on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price objective on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $547.44.

Northrop Grumman Trading Down 0.8 %

Shares of NOC stock traded down $4.33 during mid-day trading on Friday, hitting $519.35. The company’s stock had a trading volume of 511,170 shares, compared to its average volume of 873,591. The company’s fifty day simple moving average is $523.28 and its 200-day simple moving average is $480.60. Northrop Grumman has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $75.95 billion, a PE ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same period in the previous year, the company posted $6.18 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Northrop Grumman will post 25.16 earnings per share for the current fiscal year.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,490 shares of company stock worth $747,372 in the last 90 days. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Several institutional investors have recently bought and sold shares of the company. Walter & Keenan Wealth Management LLC IN ADV lifted its position in shares of Northrop Grumman by 21.6% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 575 shares of the aerospace company’s stock worth $304,000 after acquiring an additional 102 shares in the last quarter. Childress Capital Advisors LLC purchased a new stake in shares of Northrop Grumman during the third quarter worth $264,000. Trinity Street Asset Management LLP lifted its position in shares of Northrop Grumman by 7.1% during the third quarter. Trinity Street Asset Management LLP now owns 46,581 shares of the aerospace company’s stock worth $24,598,000 after acquiring an additional 3,081 shares in the last quarter. PBMares Wealth Management LLC lifted its position in shares of Northrop Grumman by 0.5% during the third quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock worth $2,335,000 after acquiring an additional 20 shares in the last quarter. Finally, Traynor Capital Management Inc. lifted its position in shares of Northrop Grumman by 4.6% during the third quarter. Traynor Capital Management Inc. now owns 23,177 shares of the aerospace company’s stock worth $12,239,000 after acquiring an additional 1,011 shares in the last quarter. 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.