TD Cowen upgraded shares of Northrop Grumman (NYSE:NOC – Free Report) to a maintain ranking in a report revealed on Tuesday morning, Zacks.com reviews.
A number of different brokerages have additionally lately commented on NOC. UBS Group raised their goal value on Northrop Grumman from $593.00 to $605.00 and gave the inventory a purchase ranking in a analysis report on Friday, July twenty sixth. Royal Financial institution of Canada lifted their goal value on shares of Northrop Grumman from $475.00 to $500.00 and gave the corporate a sector carry out ranking in a analysis report on Friday, July twenty sixth. Barclays elevated their value goal on shares of Northrop Grumman from $470.00 to $500.00 and gave the inventory an equal weight ranking in a analysis report on Tuesday, July thirtieth. Alembic International Advisors downgraded Northrop Grumman from an chubby ranking to a impartial ranking and set a $560.00 value goal on the inventory. in a report on Tuesday, August twenty seventh. Lastly, StockNews.com upgraded Northrop Grumman from a maintain ranking to a purchase ranking in a analysis word on Friday, July twelfth. One analyst has rated the inventory with a promote ranking, ten have given a maintain ranking and 6 have issued a purchase ranking to the corporate. Primarily based on information from MarketBeat, the corporate has a median ranking of Maintain and a consensus goal value of $527.19.
View Our Newest Analysis Report on NOC
Northrop Grumman Inventory Up 0.3 %
NOC opened at $528.70 on Tuesday. Northrop Grumman has a 1-year low of $418.60 and a 1-year excessive of $555.57. The enterprise has a 50 day shifting common of $517.12 and a 200-day shifting common of $476.52. The inventory has a market capitalization of $78.24 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of two.44 and a beta of 0.34. The corporate has a present ratio of 1.11, a fast ratio of 0.99 and a debt-to-equity ratio of 1.03.
Northrop Grumman (NYSE:NOC – Get Free Report) final posted its quarterly earnings outcomes on Thursday, July twenty fifth. The aerospace firm reported $6.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.43. The corporate had income of $10.22 billion for the quarter, in comparison with analyst estimates of $10.02 billion. Northrop Grumman had a web margin of 5.61% and a return on fairness of 25.44%. The enterprise’s quarterly income was up 6.7% on a year-over-year foundation. Throughout the identical interval final yr, the enterprise posted $5.34 EPS. As a bunch, sell-side analysts anticipate that Northrop Grumman will submit 25.16 earnings per share for the present yr.
Northrop Grumman Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of report on Tuesday, September third had been paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September third. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.
Insider Exercise at Northrop Grumman
In different information, VP Thomas H. Jones offered 1,390 shares of Northrop Grumman inventory in a transaction that occurred on Friday, August 2nd. The shares had been offered at a median value of $500.00, for a complete transaction of $695,000.00. Following the completion of the sale, the vp now owns 4,634 shares within the firm, valued at $2,317,000. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the Securities & Change Fee, which is obtainable by this hyperlink. In different Northrop Grumman information, VP Thomas H. Jones offered 1,389 shares of the corporate’s inventory in a transaction that occurred on Friday, July twenty sixth. The shares had been offered at a median value of $477.56, for a complete worth of $663,330.84. Following the completion of the sale, the vp now owns 6,755 shares of the corporate’s inventory, valued at roughly $3,225,917.80. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by the SEC web site. Additionally, VP Thomas H. Jones offered 1,390 shares of the corporate’s inventory in a transaction on Friday, August 2nd. The shares had been offered at a median value of $500.00, for a complete transaction of $695,000.00. Following the completion of the sale, the vp now owns 4,634 shares of the corporate’s inventory, valued at roughly $2,317,000. This represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Insiders have offered a complete of two,879 shares of firm inventory price $1,410,703 over the past 90 days. Insiders personal 0.22% of the corporate’s inventory.
Hedge Funds Weigh In On Northrop Grumman
A number of institutional traders have lately modified their holdings of NOC. Capital Worldwide Traders raised its holdings in Northrop Grumman by 5.6% through the 1st quarter. Capital Worldwide Traders now owns 11,747,646 shares of the aerospace firm’s inventory price $5,623,128,000 after shopping for an extra 621,636 shares through the interval. JPMorgan Chase & Co. raised its holdings in shares of Northrop Grumman by 4.8% through the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace firm’s inventory price $2,218,132,000 after buying an extra 211,459 shares through the interval. Capital World Traders lifted its place in Northrop Grumman by 0.6% within the 1st quarter. Capital World Traders now owns 3,688,511 shares of the aerospace firm’s inventory valued at $1,765,543,000 after buying an extra 23,398 shares within the final quarter. Authorized & Normal Group Plc boosted its stake in Northrop Grumman by 16.0% within the 2nd quarter. Authorized & Normal Group Plc now owns 1,087,913 shares of the aerospace firm’s inventory price $474,276,000 after buying an extra 150,367 shares through the interval. Lastly, Dimensional Fund Advisors LP boosted its stake in Northrop Grumman by 22.4% within the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace firm’s inventory price $297,937,000 after buying an extra 125,262 shares through the interval. Institutional traders personal 83.40% of the corporate’s inventory.
About Northrop Grumman
Northrop Grumman Company operates as an aerospace and protection know-how firm in america, Asia/Pacific, Europe, and internationally. The corporate’s Aeronautics Methods section designs, develops, manufactures, integrates, and sustains plane techniques. This section additionally presents unmanned autonomous plane techniques, together with high-altitude long-endurance strategic ISR techniques and vertical take-off and touchdown tactical ISR techniques; and strategic long-range strike plane, tactical fighter and air dominance plane, and airborne battle administration and command and management techniques.
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