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NYSE:NOC

Northrop Grumman (NOC) Stock Price, News & Analysis

$522.36
+0.73 (+0.14%)
(As of 09/19/2024 ET)

About Northrop Grumman Stock (NYSE:NOC)

Key Stats

Today's Range
$517.44
$523.16
50-Day Range
$431.81
$524.37
52-Week Range
$414.56
$528.76
Volume
468,394 shs
Average Volume
904,133 shs
Market Capitalization
$77.30 billion
P/E Ratio
36.53
Dividend Yield
1.58%
Price Target
$523.20
Consensus Rating
Hold

Company Overview

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. Its Defense Systems segment designs, develops, integrates, and produces tactical weapons and missile defense solutions, and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. It also offers integrated, all-domain command, and control battle management systems, precision strike weapons; high speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions and advanced fuzes; aircraft and mission systems logistics support, sustainment, operations and modernization; and warfighter training services. The company's Mission Systems segment offers command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. Northrop Grumman Corporation was founded in 1939 and is based in Falls Church, Virginia.

Northrop Grumman Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 90th Percentile

Northrop Grumman scored higher than 90% of companies evaluated by MarketBeat, and ranked 4th out of 44 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Northrop Grumman has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 5 buy ratings, 9 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Northrop Grumman has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Northrop Grumman's stock forecast and price target.
  • Earnings Growth

    Earnings for Northrop Grumman are expected to grow by 10.42% in the coming year, from $25.14 to $27.76 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Northrop Grumman is 36.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.02.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Northrop Grumman is 36.53, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 23.17.

  • Price to Earnings Growth Ratio

    Northrop Grumman has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Northrop Grumman has a P/B Ratio of 5.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Northrop Grumman's valuation and earnings.
  • Percentage of Shares Shorted

    0.97% of the float of Northrop Grumman has been sold short.
  • Short Interest Ratio / Days to Cover

    Northrop Grumman has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Northrop Grumman has recently decreased by 14.02%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Northrop Grumman pays a meaningful dividend of 1.59%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Northrop Grumman has been increasing its dividend for 21 years.

  • Dividend Coverage

    The dividend payout ratio of Northrop Grumman is 57.62%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Northrop Grumman will have a dividend payout ratio of 29.68% next year. This indicates that Northrop Grumman will be able to sustain or increase its dividend.

  • Read more about Northrop Grumman's dividend.
  • Percentage of Shares Shorted

    0.97% of the float of Northrop Grumman has been sold short.
  • Short Interest Ratio / Days to Cover

    Northrop Grumman has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Northrop Grumman has recently decreased by 14.02%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Northrop Grumman has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Northrop Grumman this week, compared to 13 articles on an average week.
  • Search Interest

    Only 21 people have searched for NOC on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added Northrop Grumman to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Northrop Grumman insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,393,028.00 in company stock.

  • Percentage Held by Insiders

    Only 0.22% of the stock of Northrop Grumman is held by insiders.

  • Percentage Held by Institutions

    83.40% of the stock of Northrop Grumman is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Northrop Grumman's insider trading history.

NOC Stock News Headlines

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See More Headlines

NOC Stock Analysis - Frequently Asked Questions

Northrop Grumman's stock was trading at $468.14 at the start of the year. Since then, NOC stock has increased by 11.6% and is now trading at $522.36.
View the best growth stocks for 2024 here
.

Northrop Grumman Co. (NYSE:NOC) announced its earnings results on Thursday, July, 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.93 by $0.43. The company's quarterly revenue was up 6.7% on a year-over-year basis.
Read the conference call transcript
.

Northrop Grumman subsidiaries include Orbital ATK, Northrop Grumman Integrated Defence Services, Qantas Defence Services, M5 Network Security, Sonoma Photonics, 3001 International, Xinetics, and others.

Top institutional investors of Northrop Grumman include Massachusetts Financial Services Co. MA (2.07%), Ameriprise Financial Inc. (1.14%), Bank of New York Mellon Corp (0.84%) and Legal & General Group Plc (0.74%). Insiders that own company stock include Kathy J Warden, Sheila C Cheston, Mark A Caylor, David T Perry, Thomas H Jones, Mark A Welsh III, Michael A Hardesty, Thomas L Wilson Jr, Kathryn G Simpson, Roshan S Roeder, Mary D Petryszyn and Karl J Krapek.
View institutional ownership trends
.

Shares of NOC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Northrop Grumman investors own include RTX (RTX), Lockheed Martin (LMT), NVIDIA (NVDA), Boeing (BA), Home Depot (HD), Micron Technology (MU) and Walt Disney (DIS).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/18 Dividend
9/03/2024
Dividend Payable
9/18/2024
Today
9/19/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Search & navigation equipment
Sub-Industry
Aerospace & Defense
CUSIP
66680710
Employees
101,000
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$523.20
High Stock Price Target
$605.00
Low Stock Price Target
$435.00
Potential Upside/Downside
+0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$2.06 billion
Pretax Margin
6.47%

Debt

Sales & Book Value

Annual Sales
$40.76 billion
Cash Flow
$32.91 per share
Book Value
$98.61 per share

Miscellaneous

Free Float
147,664,000
Market Cap
$77.30 billion
Optionable
Optionable
Beta
0.34

Social Links


This page (NYSE:NOC) was last updated on 9/19/2024 by MarketBeat.com Staff
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