Northrop Grumman (NYSE:NOC) Upgraded to Buy by StockNews.com

Northrop Grumman (NYSE:NOCGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently weighed in on NOC. Morgan Stanley upped their price target on Northrop Grumman from $521.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 12th. Royal Bank of Canada assumed coverage on Northrop Grumman in a research note on Monday, August 29th. They issued a “sector perform” rating and a $550.00 price target for the company. Robert W. Baird upgraded Northrop Grumman from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $488.00 to $529.00 in a research note on Friday, July 29th. Susquehanna Bancshares upped their price target on Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research note on Wednesday, August 31st. Finally, Susquehanna upped their price target on Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research note on Wednesday, August 31st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $487.75.

Northrop Grumman Trading Up 0.0 %

Shares of NYSE:NOC opened at $485.20 on Friday. Northrop Grumman has a 12-month low of $344.89 and a 12-month high of $497.20. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The company has a market cap of $75.07 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 8.94 and a beta of 0.61. The stock has a 50 day moving average of $474.99 and a 200 day moving average of $463.42.

Insider Activity at Northrop Grumman

In related news, VP Thomas L. Wilson, Jr. sold 582 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the sale, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kathy J. Warden sold 10,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $481.87, for a total transaction of $4,818,700.00. Following the sale, the chief executive officer now owns 134,583 shares in the company, valued at approximately $64,851,510.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas L. Wilson, Jr. sold 582 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $482.00, for a total value of $280,524.00. Following the sale, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,607 shares of company stock worth $7,007,034. Company insiders own 0.25% of the company’s stock.

Institutional Trading of Northrop Grumman

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFG Advisors LLC increased its stake in Northrop Grumman by 2.9% in the second quarter. IFG Advisors LLC now owns 750 shares of the aerospace company’s stock worth $359,000 after purchasing an additional 21 shares during the period. First Foundation Advisors increased its stake in Northrop Grumman by 2.3% in the second quarter. First Foundation Advisors now owns 917 shares of the aerospace company’s stock worth $439,000 after purchasing an additional 21 shares during the period. Dividend Assets Capital LLC increased its stake in Northrop Grumman by 8.4% in the first quarter. Dividend Assets Capital LLC now owns 283 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 22 shares during the period. Cape ANN Savings Bank increased its stake in Northrop Grumman by 0.8% in the first quarter. Cape ANN Savings Bank now owns 2,676 shares of the aerospace company’s stock worth $1,197,000 after purchasing an additional 22 shares during the period. Finally, IHT Wealth Management LLC increased its stake in Northrop Grumman by 1.6% in the first quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 83.91% 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.

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Analyst Recommendations for Northrop Grumman (NYSE:NOC)

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