The stock of Northrop Grumman Corporation (NYSE:NOC) last traded at $435.62, up 0.58% from the previous session.
Data from the available sources indicates that Northrop Grumman Corporation (NYSE:NOC) is covered by 22 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $615.00 and a low of $384.00, we find $485.00. Given the previous closing price of $433.09, this indicates a potential upside of 11.99 percent. NOC stock price is now -1.85% away from the 50-day moving average and -6.72% away from the 200-day moving average. The market capitalization of the company currently stands at $65.53B.
In total, 14 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $500.56 as their price target over the next twelve months.
With the price target reduced from $580 to $450, Barclays Downgraded its rating from Overweight to Equal Weight for Northrop Grumman Corporation (NYSE: NOC).
In other news, Caylor Mark A, CVP & Pres, Mission Systems sold 1,670 shares of the company’s stock on Aug 07. The stock was sold for $731,243 at an average price of $437.87. Upon completion of the transaction, the CVP & Pres, Mission Systems now directly owns 14,570 shares in the company, valued at $6.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06, CVP Chief Global Bus Off Perry David T sold 3,999 shares of the business’s stock. A total of $1,878,187 was realized by selling the stock at an average price of $469.65. This leaves the insider owning 8,717 shares of the company worth $3.8 million. Insiders disposed of 72,051 shares of company stock worth roughly $31.39 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NOC stock. A new stake in Northrop Grumman Corporation shares was purchased by SQUAREPOINT OPS LLC during the first quarter worth $25,956,000. SMITH, SALLEY & ASSOCIATES invested $11,329,000 in shares of NOC during the first quarter. In the first quarter, IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in Northrop Grumman Corporation valued at approximately $8,110,000. CLEAR STREET LLC acquired a new stake in NOC for approximately $8,059,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in NOC valued at around $7,267,000 in the second quarter. In total, there are 1,727 active investors with 85.20% ownership of the company’s stock.
During the past 12 months, Northrop Grumman Corporation has had a low of $421.73 and a high of $556.27. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.20, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $78.09B, which is based on a 14.44 price-to-earnings ratio, a 7.60 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for NOC is $443.37 and a two-hundred day moving average price translates $466.76 for the stock.
The latest earnings results from Northrop Grumman Corporation (NYSE: NOC) was released for Jun, 2023. The net profit margin was 12.30% and return on equity was 31.10% for NOC. The company reported revenue of $9.58 billion for the quarter, compared to $8.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.81 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/13/2023. Investors who held shares on 08/28/2023 were paid a $1.87 dividend. On an annualized basis, this represents a $7.48 dividend and a 1.72% percent yield. There was an ex-dividend date of 08/25/2023 for this dividend. In terms of dividend payout ratio, NOC is presently at 23.30%.
Northrop Grumman Corporation(NOC) Company Profile
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. 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. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company’s Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.
