Stock Update: Northrop Grumman Corporation (NYSE:NOC) – CPI Aerostructures Selected by Northrop Grumman to Supply Wing Components for Japanese E-2D Advanced Hawkeye

[Marketwired] – CPI Aerostructures, Inc. has been selected by Northrop Grumman Corporation to supply structural components and kits for the Outer Wing Panel on the E-2D Advanced Hawkeye airborne early warning and control … Read more on this. Northrop Grumman Corporation (NOC) , with a current value of $33.84B, began trading this morning at $184.86. Today, shares have traded between $182.87 and $186.51 per share and has traded between $151.12 and $193.99 over the past year. NOC shares are currently priced at 19.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x forward p/e ratio. And for income investors, the company pays shareholders $3.20 per share annually in dividends, yielding 1.72%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.99 per share, which would be $0.49 worse than the year-ago quarter and a $0.40 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.86, which would be a $0.11 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.93 Billion. If reported, that would be a 2.95% decrease over the year-ago quarter. More recently, Drexel Hamilton upgraded NOC from Hold to Buy (Oct 28, 2015). Previously, JP Morgan upgraded NOC from Underweight to Neutral. The average price target for NOC shares by the analysts covering the stock is $202.21, which is 9.39% above where the stock opened this morning. See more in (NYSE:NOC) Similar Articles: Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft Market Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Selected to Provide Replacement Inertial Navigation System to US Navy Stock Update: Northrop Grumman Corporation (NYSE:NOC) – Northrop Grumman Names Kevin Mickey Vice President, Advanced Design