Fintel reports that on December 14, 2023, Wolfe Research downgraded their outlook for Northrop Grumman (NYSE:NOC) from Peer Perform to Underperform .

Analyst Price Forecast Suggests 6.90% Upside

As of November 27, 2023, the average one-year price target for Northrop Grumman is 518.48. The forecasts range from a low of 385.82 to a high of $645.75. The average price target represents an increase of 6.90% from its latest reported closing price of 485.01.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Northrop Grumman is 38,225MM, a decrease of 1.19%. The projected annual non-GAAP EPS is 22.81.

Northrop Grumman Declares $1.87 Dividend

On November 15, 2023 the company declared a regular quarterly dividend of $1.87 per share ($7.48 annualized). Shareholders of record as of November 27, 2023 received the payment on December 13, 2023. Previously, the company paid $1.87 per share.

At the current share price of $485.01 / share, the stock's dividend yield is 1.54%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 1.26%, and the highest has been 2.12%. The standard deviation of yields is 0.18 (n=235).

The current dividend yield is 0.51 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.24. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.29%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 2239 funds or institutions reporting positions in Northrop Grumman. This is an increase of 14 owner(s) or 0.63% in the last quarter. Average portfolio weight of all funds dedicated to NOC is 0.34%, a decrease of 2.21%. Total shares owned by institutions increased in the last three months by 0.72% to 154,474K shares. The put/call ratio of NOC is 0.92, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital International Investors holds 12,226K shares representing 8.11% ownership of the company. In it's prior filing, the firm reported owning 12,181K shares, representing an increase of 0.37%. The firm increased its portfolio allocation in NOC by 1.95% over the last quarter.

AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 6,580K shares representing 4.36% ownership of the company. In it's prior filing, the firm reported owning 5,906K shares, representing an increase of 10.24%. The firm increased its portfolio allocation in NOC by 0.90% over the last quarter.

Wellington Management Group Llp holds 5,771K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 5,815K shares, representing a decrease of 0.76%. The firm increased its portfolio allocation in NOC by 1.40% over the last quarter.

Jpmorgan Chase holds 4,488K shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 4,078K shares, representing an increase of 9.15%. The firm decreased its portfolio allocation in NOC by 86.16% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,238K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 4,267K shares, representing a decrease of 0.68%. The firm decreased its portfolio allocation in NOC by 0.43% over the last quarter.

Northrop Grumman Background Information
(This description is provided by the company.)

Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Its 90,000 employees define possible every day using science, technology and engineering to create and deliver advanced systems, products and services.