Northrop Grumman (NOC) Upgraded at Alembic Global Advisors

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Alembic Global Advisors upgraded shares of Northrop Grumman (NYSE:NOC) from a neutral rating to an overweight rating in a research report released on Tuesday, BenzingaRatingsTable reports.

Several other equities analysts also recently issued reports on NOC. ValuEngine downgraded shares of Northrop Grumman from a hold rating to a sell rating in a research note on Friday, January 4th. Susquehanna Bancshares started coverage on shares of Northrop Grumman in a research note on Thursday, January 10th. They set a neutral rating and a $273.00 price target for the company. Credit Suisse Group raised shares of Northrop Grumman from a neutral rating to an outperform rating and dropped their price target for the company from $311.00 to $302.00 in a research note on Monday, January 14th. They noted that the move was a valuation call. Citigroup dropped their price target on shares of Northrop Grumman from $350.00 to $333.00 and set a buy rating for the company in a research note on Monday, January 14th. Finally, Cowen reaffirmed a hold rating and set a $300.00 price target on shares of Northrop Grumman in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Northrop Grumman currently has a consensus rating of Buy and a consensus price target of $337.06.

Shares of NOC stock traded up $2.05 during trading hours on Tuesday, hitting $291.98. 257,828 shares of the company’s stock traded hands, compared to its average volume of 974,133. The company has a market capitalization of $49.23 billion, a P/E ratio of 13.69, a PEG ratio of 1.17 and a beta of 0.89. Northrop Grumman has a 12 month low of $223.63 and a 12 month high of $340.14. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.10 and a current ratio of 1.18.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.59 by $0.47. The firm had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.34 billion. Northrop Grumman had a net margin of 9.67% and a return on equity of 41.42%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.21 earnings per share. As a group, sell-side analysts forecast that Northrop Grumman will post 19.39 earnings per share for the current fiscal year.

In related news, VP Janis G. Pamiljans sold 2,500 shares of Northrop Grumman stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $285.12, for a total transaction of $712,800.00. Following the completion of the transaction, the vice president now owns 6,732 shares of the company’s stock, valued at $1,919,427.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark A. Caylor sold 1,065 shares of Northrop Grumman stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $286.84, for a total transaction of $305,484.60. Following the transaction, the vice president now directly owns 29,345 shares of the company’s stock, valued at approximately $8,417,319.80. The disclosure for this sale can be found here. Insiders have sold 119,197 shares of company stock valued at $34,247,476 in the last three months. 0.45% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of NOC. Laurel Wealth Advisors LLC acquired a new stake in Northrop Grumman in the fourth quarter worth $27,000. Truvestments Capital LLC acquired a new stake in Northrop Grumman in the first quarter worth $28,000. Sontag Advisory LLC acquired a new stake in Northrop Grumman in the fourth quarter worth $29,000. Legacy Advisors LLC acquired a new stake in Northrop Grumman in the first quarter worth $30,000. Finally, Athena Capital Advisors LLC acquired a new stake in Northrop Grumman in the fourth quarter worth $31,000. Institutional investors and hedge funds own 83.99% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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