Vertical Research reiterated their buy rating on shares of Northrop Grumman Corporation (NYSE:NOC) in a research report report published on Wednesday. The brokerage currently has a $296.00 price objective on the aerospace company’s stock, up from their prior price objective of $280.00.

Several other research analysts have also weighed in on NOC. Jefferies Group LLC reiterated a hold rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Cowen and Company reiterated a hold rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Stifel Nicolaus reiterated a hold rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reiterated a buy rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Finally, BidaskClub lowered Northrop Grumman Corporation from a buy rating to a hold rating in a report on Monday, July 31st. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Northrop Grumman Corporation has an average rating of Buy and a consensus target price of $272.01.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 281.55 on Wednesday. The stock has a market capitalization of $49.02 billion, a P/E ratio of 21.51 and a beta of 0.66. Northrop Grumman Corporation has a one year low of $210.60 and a one year high of $282.93. The stock’s 50 day moving average price is $269.39 and its 200 day moving average price is $255.59.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.85 earnings per share. On average, analysts forecast that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 28th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 annualized dividend and a yield of 1.42%. Northrop Grumman Corporation’s payout ratio is presently 30.56%.

In related news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares in the company, valued at $252,983.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its position in Northrop Grumman Corporation by 0.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock worth $199,000 after buying an additional 3 shares during the last quarter. Concert Wealth Management Inc. increased its position in Northrop Grumman Corporation by 0.7% during the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after buying an additional 8 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Northrop Grumman Corporation by 1.2% during the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after buying an additional 10 shares during the last quarter. Cetera Investment Advisers increased its position in Northrop Grumman Corporation by 0.8% during the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after buying an additional 10 shares during the last quarter. Finally, Argent Trust Co increased its position in Northrop Grumman Corporation by 0.7% during the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after buying an additional 11 shares during the last quarter. 81.37% of the stock is currently owned by hedge funds and other institutional investors.

About Northrop Grumman Corporation

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Analyst Recommendations for Northrop Grumman Corporation (NYSE:NOC)

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