Rothschild & Co Redburn Initiates Coverage on Northrop Grumman (NYSE:NOC)

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

A number of other equities research analysts also recently issued reports on the company. Wells Fargo & Company restated an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. Susquehanna cut their target price on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. The Goldman Sachs Group decreased their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Guggenheim initiated coverage on Northrop Grumman in a research report on Monday, September 14th. They issued a “buy” rating and a $612.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $649.05.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $473.42 on Tuesday. The company’s 50-day moving average price is $533.73 and its 200-day moving average price is $562.02. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $67.24 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 2.83 and a beta of -0.11. Northrop Grumman has a twelve month low of $470.06 and a twelve month high of $774.00.

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

Insider Activity at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

A number of large investors have recently bought and sold shares of NOC. Perkins Coie Trust Co purchased a new stake in Northrop Grumman in the second quarter worth $29,000. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the first quarter valued at $30,000. Navigoe LLC bought a new position in shares of Northrop Grumman in the second quarter worth about $30,000. Plato Investment Management Ltd bought a new position in shares of Northrop Grumman in the second quarter worth about $30,000. Finally, Elevation Wealth Partners LLC purchased a new position in Northrop Grumman in the 3rd quarter worth about $30,000. Hedge funds and other 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.