Northrop Grumman (NYSE:NOC) Price Target Cut to $580.00 by Analysts at Jefferies Financial Group

Northrop Grumman (NYSE:NOC) had its target price lowered by equities research analysts at Jefferies Financial Group from $620.00 to $580.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 15.02% from the company’s current price.

NOC has been the topic of a number of other research reports. UBS Group decreased their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley reduced their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. Citigroup dropped their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $700.53.

Northrop Grumman Stock Performance

NYSE:NOC traded up $4.92 during mid-day trading on Friday, hitting $504.25. 467,089 shares of the stock were exchanged, compared to its average volume of 935,419. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The stock has a market capitalization of $71.62 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 3.43 and a beta of -0.12. The firm’s 50-day simple moving average is $559.93 and its 200 day simple moving average is $628.63. Northrop Grumman has a fifty-two week low of $489.26 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the prior year, the company posted $6.06 earnings per share. Northrop Grumman’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts anticipate that Northrop Grumman will post 27.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NOC. FAS Wealth Partners Inc. increased its stake in shares of Northrop Grumman by 14.0% during the 1st quarter. FAS Wealth Partners Inc. now owns 408 shares of the aerospace company’s stock worth $278,000 after purchasing an additional 50 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Northrop Grumman by 787.7% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 3,977 shares of the aerospace company’s stock valued at $2,713,000 after purchasing an additional 3,529 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Northrop Grumman by 4.4% in the first quarter. Parallel Advisors LLC now owns 3,420 shares of the aerospace company’s stock worth $2,334,000 after purchasing an additional 144 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Northrop Grumman by 49.5% during the 1st quarter. NewEdge Advisors LLC now owns 26,383 shares of the aerospace company’s stock valued at $17,999,000 after buying an additional 8,735 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in Northrop Grumman in the 1st quarter worth approximately $725,000. Institutional investors own 83.40% of the company’s stock.

About Northrop Grumman

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.