Susquehanna Increases Northrop Grumman (NYSE:NOC) Price Target to $625.00

Northrop Grumman (NYSE:NOC) had its price target upped by equities researchers at Susquehanna from $560.00 to $625.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective would suggest a potential upside of 20.34% from the company’s previous close.

Several other analysts also recently commented on the company. TD Cowen raised Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Citigroup raised their price objective on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays raised their price objective on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Morgan Stanley raised their price objective on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their price objective on Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $547.44.

Northrop Grumman Stock Down 0.8 %

NYSE NOC opened at $519.35 on Friday. The stock’s 50 day simple moving average is $523.54 and its 200 day simple moving average is $481.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market cap of $75.95 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34. Northrop Grumman has a one year low of $418.60 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.07 by $0.93. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.18 EPS. As a group, sell-side analysts forecast that Northrop Grumman will post 25.16 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares in the company, valued at $2,317,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,490 shares of company stock worth $747,372 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds have recently modified their holdings of NOC. Optimum Investment Advisors grew its holdings in Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 41 shares during the period. Bank & Trust Co bought a new position in Northrop Grumman during the second quarter worth about $28,000. Meeder Asset Management Inc. grew its holdings in Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 54 shares during the period. Strategic Financial Concepts LLC bought a new position in Northrop Grumman during the second quarter worth about $47,000. Finally, Larson Financial Group LLC grew its holdings in Northrop Grumman by 281.5% during the first quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 76 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Company Profile

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.