Northrop Grumman (NYSE:NOC) Upgraded to Hold at TD Cowen

Northrop Grumman (NYSE:NOC) was upgraded by stock analysts at TD Cowen to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and raised their target price for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. Royal Bank of Canada raised their target price on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Sanford C. Bernstein cut shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price for the company. in a research note on Friday, June 21st. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $523.20.

Northrop Grumman Stock Down 0.2 %

Shares of NYSE:NOC opened at $532.65 on Tuesday. 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 capitalization of $78.83 billion, a PE ratio of 37.25, a PEG ratio of 2.44 and a beta of 0.34. The company has a 50 day moving average price of $514.57 and a two-hundred day moving average price of $475.32.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter in the prior year, the firm earned $5.34 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Northrop Grumman will post 25.14 earnings per share for the current 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 shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now owns 4,634 shares of the company’s stock, 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 SEC, which is available through this link. In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now owns 4,634 shares of the company’s stock, 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 SEC, which is available through this link. Also, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,879 shares of company stock valued at $1,410,703 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Northrop Grumman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOC. Ascent Group LLC grew its holdings in shares of Northrop Grumman by 0.5% in the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after purchasing an additional 20 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Northrop Grumman by 1.6% in the third quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock valued at $698,000 after purchasing an additional 21 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in shares of Northrop Grumman by 4.6% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock valued at $218,000 after purchasing an additional 22 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Northrop Grumman by 1.5% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after purchasing an additional 22 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of Northrop Grumman by 2.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after purchasing an additional 23 shares in the last quarter. 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.