Q4 2024 EPS Estimates for Northrop Grumman Co. (NYSE:NOC) Lifted by Zacks Research

Northrop Grumman Co. (NYSE:NOC) – Equities research analysts at Zacks Research raised their Q4 2024 EPS estimates for Northrop Grumman in a report issued on Wednesday, August 14th. Zacks Research analyst A. Dutta now expects that the aerospace company will earn $6.27 per share for the quarter, up from their prior forecast of $6.23. The consensus estimate for Northrop Grumman’s current full-year earnings is $25.18 per share. Zacks Research also issued estimates for Northrop Grumman’s Q2 2025 earnings at $6.88 EPS, Q3 2025 earnings at $9.22 EPS, Q4 2025 earnings at $4.84 EPS, FY2025 earnings at $27.53 EPS, Q1 2026 earnings at $6.44 EPS and Q2 2026 earnings at $7.81 EPS.

A number of other equities analysts have also issued reports on NOC. BTIG Research began coverage on shares of Northrop Grumman in a research report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price target for the company. TD Cowen increased their price target on shares of Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and increased their target price for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. Jefferies Financial Group dropped their price objective on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a report on Tuesday, June 18th. Finally, Barclays lifted their price target on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $521.33.

Northrop Grumman Trading Up 0.6 %

Shares of Northrop Grumman stock opened at $506.66 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. Northrop Grumman has a 12-month low of $414.56 and a 12-month high of $507.73. The firm has a market capitalization of $74.98 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.26 and a beta of 0.32. The firm’s 50 day simple moving average is $452.88 and its two-hundred day simple moving average is $458.64.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the prior year, the company posted $5.34 earnings per share. Northrop Grumman’s revenue for the quarter was up 6.7% compared to the same quarter last year.

Insider Buying and Selling at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction that occurred on Friday, July 26th. The shares were 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 owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. raised its position in shares of Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 48 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Northrop Grumman in the 4th quarter valued at $25,000. Optimum Investment Advisors raised its stake in Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 41 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Northrop Grumman in the fourth quarter valued at $29,000. Finally, Bank & Trust Co acquired a new position in Northrop Grumman in the second quarter valued at $28,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

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.