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

Northrop Grumman (NYSE:NOC) had its price objective upped by investment analysts at UBS Group from $614.00 to $643.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. UBS Group’s target price suggests a potential upside of 23.81% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Alembic Global Advisors cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price target for the company from $474.00 to $575.00 in a report on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their target price on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Citigroup boosted their target price on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $547.44.

Northrop Grumman Stock Down 0.8 %

Shares of Northrop Grumman stock opened at $519.35 on Friday. Northrop Grumman has a 1 year low of $418.60 and a 1 year high of $555.57. 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 company has a market capitalization of $75.95 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34. The business has a 50-day moving average of $523.54 and a two-hundred day moving average of $481.03.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $10.18 billion. During the same period in the prior year, the business earned $6.18 EPS. Northrop Grumman’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that Northrop Grumman will post 25.16 EPS for the current year.

Insider Buying and Selling

In other Northrop Grumman 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 sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 1,490 shares of company stock worth $747,372. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Diversify Advisory Services LLC acquired a new position in shares of Northrop Grumman in the first quarter valued at $870,000. Norden Group LLC bought a new stake in shares of Northrop Grumman during the 1st quarter worth about $778,000. Aviso Wealth Management grew its stake in Northrop Grumman by 110.7% in the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after buying an additional 996 shares during the last quarter. Susquehanna International Securities Ltd. bought a new position in Northrop Grumman in the 2nd quarter valued at about $1,133,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Northrop Grumman by 9.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock worth $74,027,000 after acquiring an additional 14,275 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

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.