Northrop Grumman (NYSE:NOC) Given New $580.00 Price Target at Jefferies Financial Group

Northrop Grumman (NYSE:NOC) had its price target dropped by equities researchers at Jefferies Financial Group from $620.00 to $580.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.02% from the company’s current price.

A number of other equities research analysts have also recently issued reports on NOC. Citigroup decreased their target price on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price for the company. Weiss Ratings lowered Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 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, Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $700.53.

Northrop Grumman Stock Up 1.0%

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

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. Northrop Grumman’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $6.06 EPS. 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 earnings per share for the current fiscal year.

Institutional Trading of Northrop Grumman

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares during the period. Woodline Partners LP raised its position in Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after buying an additional 1,978 shares during the last quarter. AXA S.A. lifted its stake in Northrop Grumman by 1,487.8% in the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after acquiring an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Northrop Grumman by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after acquiring an additional 553 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

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.