Citigroup Lowers Northrop Grumman (NYSE:NOC) Price Target to $587.00

Northrop Grumman (NYSE:NOC) had its price objective lowered by Citigroup from $628.00 to $587.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price suggests a potential upside of 12.85% from the stock’s current price.

Several other brokerages have also issued reports on NOC. Jefferies Financial Group decreased their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Morgan Stanley dropped their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. UBS Group lowered their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Two research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $698.37.

Northrop Grumman Trading Up 2.1%

NYSE:NOC traded up $10.83 during trading hours on Wednesday, hitting $520.14. The stock had a trading volume of 176,322 shares, compared to its average volume of 942,850. The business’s 50 day moving average is $549.66 and its 200-day moving average is $627.55. 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 company has a market cap of $73.88 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 3.38 and a beta of -0.12. Northrop Grumman has a one year low of $489.52 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts anticipate that Northrop Grumman will post 27.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Northrop Grumman

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

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.