Northrop Grumman (NYSE:NOC) Now Covered by Analysts at Rothschild & Co Redburn

Equities research analysts at Rothschild & Co Redburn started coverage on shares of Northrop Grumman (NYSE:NOC) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $680.00 price target on the aerospace company’s stock. Rothschild & Co Redburn’s price objective suggests a potential upside of 43.64% from the stock’s previous close.

A number of other brokerages also recently weighed in on NOC. Royal Bank Of Canada downgraded Northrop Grumman from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $640.00 to $525.00 in a report on Friday, October 2nd. Weiss Ratings downgraded shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. 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 report on Friday, June 26th. Finally, Guggenheim started coverage on shares of Northrop Grumman in a research report on Monday, September 14th. They issued a “buy” rating and a $612.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $649.05.

Northrop Grumman Trading Down 2.0%

NOC traded down $9.69 during trading on Tuesday, reaching $473.42. 498,153 shares of the company’s stock were exchanged, compared to its average volume of 916,739. The stock has a market capitalization of $67.24 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 2.79 and a beta of -0.11. The firm has a fifty day moving average price of $534.98 and a two-hundred day moving average price of $563.71. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman has a one year low of $470.06 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $8.15 EPS. Northrop Grumman’s revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities research analysts forecast that Northrop Grumman will post 28.97 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark Welsh, III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northrop Grumman

Several institutional investors have recently added to or reduced their stakes in NOC. Perkins Coie Trust Co bought a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $29,000. Financial Life Planners purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $30,000. Navigoe LLC bought a new position in shares of Northrop Grumman during the 2nd quarter worth $30,000. Plato Investment Management Ltd purchased a new stake in Northrop Grumman in the 2nd quarter worth about $30,000. Finally, Whipplewood Advisors LLC lifted its holdings in Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.