Royal Bank Of Canada set a $374.00 target price on Northrop Grumman Corporation (NYSE:NOC) in a research report released on Thursday. The brokerage currently has a buy rating on the aerospace company’s stock.

Several other equities analysts also recently weighed in on NOC. Stifel Nicolaus reaffirmed a hold rating and issued a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a buy rating and issued a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. BidaskClub downgraded Northrop Grumman Corporation from a buy rating to a hold rating in a research note on Monday, July 31st. Argus raised their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a buy rating in a research note on Friday, August 4th. Finally, Morgan Stanley assumed coverage on Northrop Grumman Corporation in a research report on Tuesday, August 8th. They set an equal weight rating and a $279.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $293.93.

Northrop Grumman Corporation (NYSE NOC) traded down $3.70 during midday trading on Thursday, reaching $296.85. The company had a trading volume of 458,031 shares, compared to its average volume of 774,934. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The stock has a market cap of $52,320.00, a P/E ratio of 22.90, a P/E/G ratio of 3.02 and a beta of 0.70. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the business posted $3.35 EPS. Northrop Grumman Corporation’s quarterly revenue was up 6.0% on a year-over-year basis. equities research analysts anticipate that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman Corporation’s dividend payout ratio is currently 29.81%.

In other news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman Corporation stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the sale, the chief operating officer now owns 77,200 shares of the company’s stock, valued at $22,885,940. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman Corporation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $300.86, for a total value of $700,402.08. Following the completion of the sale, the vice president now directly owns 28,553 shares of the company’s stock, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,417 shares of company stock valued at $6,365,189. Company insiders own 0.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Smith Shellnut Wilson LLC ADV grew its position in shares of Northrop Grumman Corporation by 35.8% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 1,244 shares of the aerospace company’s stock valued at $358,000 after purchasing an additional 328 shares during the period. Gofen & Glossberg LLC IL grew its position in shares of Northrop Grumman Corporation by 3.5% in the third quarter. Gofen & Glossberg LLC IL now owns 8,902 shares of the aerospace company’s stock valued at $2,561,000 after purchasing an additional 300 shares during the period. Cetera Advisors LLC grew its position in shares of Northrop Grumman Corporation by 22.7% in the third quarter. Cetera Advisors LLC now owns 1,547 shares of the aerospace company’s stock valued at $446,000 after purchasing an additional 286 shares during the period. IFM Investors Pty Ltd purchased a new stake in shares of Northrop Grumman Corporation in the third quarter valued at $1,341,000. Finally, TT International grew its position in shares of Northrop Grumman Corporation by 45.0% in the third quarter. TT International now owns 5,941 shares of the aerospace company’s stock valued at $1,709,000 after purchasing an additional 1,845 shares during the period. 81.93% of the stock is owned by institutional investors and hedge funds.

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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