Northrop Grumman Corporation (NYSE:NOC – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $702.6316.
A number of research firms have recently issued reports on NOC. Weiss Ratings cut Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. UBS Group cut their price objective on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Citigroup cut their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley cut their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th.
Read Our Latest Stock Analysis on NOC
Northrop Grumman Stock Performance
Northrop Grumman (NYSE:NOC – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts predict that Northrop Grumman will post 27.93 EPS for the current year.
Northrop Grumman Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 30.92%.
Institutional Trading of Northrop Grumman
Hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Northrop Grumman in the 3rd quarter worth about $27,000. Torren Management LLC acquired a new stake in Northrop Grumman in the 4th quarter worth about $26,000. Karpus Management Inc. acquired a new position in Northrop Grumman in the 4th quarter valued at $26,000. Whipplewood Advisors LLC raised its holdings in Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 38 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Northrop Grumman in the 4th quarter valued at $29,000. 83.40% of the stock is owned by institutional investors and hedge funds.
Northrop Grumman Company Profile
Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.
The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.
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