Northrop Grumman (NYSE:NOC) Price Target Increased to $530.00 by Analysts at Susquehanna Bancshares

Northrop Grumman (NYSE:NOCGet Rating) had its target price raised by Susquehanna Bancshares from $520.00 to $530.00 in a report issued on Friday morning, Stock Target Advisor reports. The brokerage currently has a positive rating on the aerospace company’s stock.

Other equities analysts have also issued research reports about the stock. Seaport Res Ptn reissued a buy rating on shares of Northrop Grumman in a report on Tuesday, April 19th. Susquehanna increased their price target on shares of Northrop Grumman from $520.00 to $530.00 and gave the stock a maintains rating in a report on Friday. Argus increased their price target on shares of Northrop Grumman from $420.00 to $495.00 in a report on Thursday, May 12th. Cowen set a $510.00 target price on shares of Northrop Grumman in a report on Tuesday, July 19th. Finally, Robert W. Baird raised shares of Northrop Grumman from a neutral rating to an outperform rating and increased their target price for the company from $488.00 to $529.00 in a report on Friday. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $476.64.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $475.63 on Friday. The company’s fifty day moving average price is $464.91 and its 200-day moving average price is $443.16. The firm has a market capitalization of $73.93 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 3.17 and a beta of 0.62. Northrop Grumman has a one year low of $344.89 and a one year high of $492.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were given a dividend of $1.73 per share. The ex-dividend date was Friday, May 27th. This represents a $6.92 annualized dividend and a yield of 1.45%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.57. Northrop Grumman’s dividend payout ratio is presently 19.26%.

Institutional Investors Weigh In On Northrop Grumman

Institutional investors have recently added to or reduced their stakes in the company. Lansing Street Advisors purchased a new stake in Northrop Grumman during the 1st quarter valued at $25,000. Kings Point Capital Management boosted its position in Northrop Grumman by 83.3% during the 1st quarter. Kings Point Capital Management now owns 55 shares of the aerospace company’s stock valued at $25,000 after buying an additional 25 shares during the period. Charter Oak Capital Management LLC purchased a new stake in Northrop Grumman during the 2nd quarter valued at $31,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman in the 4th quarter worth about $26,000. Finally, Duncker Streett & Co. Inc. lifted its position in shares of Northrop Grumman by 88.6% in the 4th quarter. Duncker Streett & Co. Inc. now owns 66 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 84.52% of the company’s stock.

About Northrop Grumman

(Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

Read More

Analyst Recommendations for Northrop Grumman (NYSE:NOC)

Want More Great Investing Ideas?

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.