Northrop Grumman Corporation (NYSE:NOC) Receives $659.00 Consensus Target Price from Brokerages

Shares of Northrop Grumman Corporation (NYSE:NOC) have been given an average rating of “Moderate Buy” by the twenty brokerages that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $655.30.

Several analysts recently commented on NOC shares. JPMorgan Chase & Co. cut their price objective on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group cut their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th.

Northrop Grumman Stock Up 1.0%

Shares of NYSE:NOC opened at $556.94 on Monday. The stock has a fifty day simple moving average of $534.54 and a two-hundred day simple moving average of $618.02. The stock has a market capitalization of $79.10 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.57 and a beta of -0.11. Northrop Grumman has a 12-month low of $479.02 and a 12-month high of $774.00. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm posted $8.15 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts anticipate that Northrop Grumman will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.8%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Northrop Grumman News Roundup

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman secured multi-year framework agreements worth more than $3 billion to accelerate production of components for PAC-3 MSE and THAAD missile-defense systems. The deals improve revenue visibility and position NOC to benefit from rising U.S. and allied demand for interceptor replenishment. Northrop Grumman Lands Over $3 Billion in Missile Defense Deals
• Positive Sentiment: The U.S. Defense Department selected Northrop Grumman and Lockheed Martin to help expand Patriot and THAAD production. The government-backed effort reinforces NOC’s strategic role in missile defense and could generate additional orders as the U.S. rebuilds weapon inventories. Lockheed, Northrop Team Up to Rebuild Weapon Stockpile
• Positive Sentiment: Northrop Grumman is planning lunar infrastructure demonstration missions for NASA’s future moon-base effort. Although the opportunity is longer term, it highlights potential growth in the company’s space and national-security businesses. Northrop Grumman Plans Lunar Infrastructure Demonstration Missions for NASA Moon Base
• Neutral Sentiment: Northrop appointed former Chevron investor-relations executive Randy Sinclair to lead investor relations. The leadership change may improve communication with shareholders, but no immediate financial impact was disclosed. Northrop Names Randy Sinclair to Lead Investor Relations
• Neutral Sentiment: Director Mark Welsh III sold 95 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The small sale reduces his holdings by 2.12% but is unlikely to materially alter investor sentiment.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Northrop Grumman

Institutional investors have recently modified their holdings of the business. Torren Management LLC bought a new position in Northrop Grumman during the 4th quarter valued at about $26,000. Karpus Management Inc. bought a new stake in shares of Northrop Grumman in the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the fourth quarter valued at approximately $29,000. Perkins Coie Trust Co purchased a new position in shares of Northrop Grumman during the second quarter valued at approximately $29,000. Finally, Financial Life Planners bought a new position in Northrop Grumman during the first quarter valued at approximately $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

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.