TD Cowen Cuts Northrop Grumman (NYSE:NOC) Price Target to $540.00

by · The Cerbat Gem

Northrop Grumman (NYSE:NOC – Get Free Report) had its price target lowered by TD Cowen from $590.00 to $540.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price target indicates a potential upside of 11.67% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Weiss Ratings lowered shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a research report on Wednesday, July 22nd. Sanford C. Bernstein decreased their price objective on shares of Northrop Grumman from $653.00 to $620.00 and set a “market perform” rating for the company in a report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group lowered their price target on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $636.87.

View Our Latest Stock Report on NOC

Northrop Grumman Price Performance

NYSE:NOC traded down $0.90 during midday trading on Friday, hitting $483.58. The company had a trading volume of 125,464 shares, compared to its average volume of 914,655. The company has a market capitalization of $68.68 billion, a PE ratio of 15.37, a P/E/G ratio of 2.78 and a beta of -0.11. The stock’s fifty day moving average price is $532.72 and its 200-day moving average price is $560.45. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman has a 52-week low of $470.06 and a 52-week high of $774.00.

Northrop Grumman (NYSE:NOC – Get Free Report) 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 firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the company earned $8.15 EPS. The business’s revenue 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, research analysts expect that Northrop Grumman will post 28.97 earnings per share for the current year.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents 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. Insiders own 0.21% of the company’s stock.

Institutional Trading of Northrop Grumman

Several institutional investors and hedge funds have recently made changes to their positions in NOC. Pictet Asset Management Holding SA grew its stake in shares of Northrop Grumman by 7.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after purchasing an additional 4,041 shares during the period. State Street Corp raised its position in shares of Northrop Grumman by 1.3% during the 2nd quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock valued at $6,707,203,000 after buying an additional 168,267 shares during the period. Focus Partners Wealth raised its stake in shares of Northrop Grumman by 8.1% in the 4th quarter. Focus Partners Wealth now owns 115,660 shares of the aerospace company’s stock valued at $66,000,000 after acquiring an additional 8,706 shares during the period. Jupiter Topco LLC acquired a new position in Northrop Grumman in the 2nd quarter valued at about $3,308,000. Finally, Bank of America Corp DE acquired a new stake in Northrop Grumman during the 2nd quarter worth approximately $1,298,141,000. 83.40% of the stock is currently owned by institutional investors.

About Northrop Grumman

(Get Free Report)

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.

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