Northrop Grumman (NYSE:NOC) Upgraded to Buy by Deutsche Bank Aktiengesellschaft

Northrop Grumman (NYSE:NOC) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a $575.00 price objective on the aerospace company’s stock, up from their previous price objective of $474.00. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 18.13% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Sanford C. Bernstein lowered Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a research report on Friday, June 21st. BTIG Research assumed coverage on Northrop Grumman in a research report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 target price on the stock. Jefferies Financial Group dropped their target price on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price on the stock in a research report on Monday, April 22nd. Finally, Royal Bank of Canada lifted their target price on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and a consensus price target of $516.29.

Northrop Grumman Trading Up 2.0 %

NYSE NOC opened at $486.76 on Monday. The firm has a market cap of $71.18 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.20 and a beta of 0.33. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. The stock’s 50-day moving average is $441.94 and its 200-day moving average is $455.34. Northrop Grumman has a one year low of $414.56 and a one year high of $496.89.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The company had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. Northrop Grumman’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.34 earnings per share. Sell-side analysts anticipate that Northrop Grumman will post 25.1 earnings per share for the current fiscal year.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC boosted its stake in Northrop Grumman by 14.1% in the 1st quarter. Bogart Wealth LLC now owns 170 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 21 shares during the period. Secure Asset Management LLC boosted its stake in Northrop Grumman by 2.7% in the 4th quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock valued at $395,000 after purchasing an additional 22 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Northrop Grumman by 2.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after purchasing an additional 23 shares during the period. Capital Investment Advisors LLC boosted its stake in Northrop Grumman by 1.1% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,068 shares of the aerospace company’s stock valued at $902,000 after purchasing an additional 23 shares during the period. Finally, Renasant Bank raised its holdings in Northrop Grumman by 3.3% in the 1st quarter. Renasant Bank now owns 743 shares of the aerospace company’s stock valued at $356,000 after acquiring an additional 24 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. 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.