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T   16.09 (-0.92%)
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NYSE:NOC

Northrop Grumman (NOC) Stock Price, News & Analysis

$450.35
-0.94 (-0.21%)
(As of 04:10 PM ET)
Today's Range
$450.05
$456.15
50-Day Range
$446.13
$478.95
52-Week Range
$414.56
$496.89
Volume
864,337 shs
Average Volume
991,176 shs
Market Capitalization
$66.74 billion
P/E Ratio
33.41
Dividend Yield
1.66%
Price Target
$494.33

Northrop Grumman MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
9.5% Upside
$494.33 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.56mentions of Northrop Grumman in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$1.42 M Sold Last Quarter
Proj. Earnings Growth
12.77%
From $24.67 to $27.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.80 out of 5 stars

Aerospace Sector

14th out of 42 stocks

Search & Navigation Equipment Industry

5th out of 11 stocks

NOC stock logo

About Northrop Grumman Stock (NYSE:NOC)

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.

NOC Stock Price History

NOC Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 3/13 Dividend
2/23/2024
Dividend Payable
3/13/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/25/2024
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
$494.33
High Stock Price Target
$615.00
Low Stock Price Target
$435.00
Potential Upside/Downside
+9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$2.06 billion
Pretax Margin
5.97%

Debt

Sales & Book Value

Annual Sales
$39.29 billion
Cash Flow
$32.33 per share
Book Value
$98.61 per share

Miscellaneous

Free Float
147,874,000
Market Cap
$67.22 billion
Optionable
Optionable
Beta
0.35

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Key Executives

Should I Buy Northrop Grumman Stock? NOC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Northrop Grumman Co.:

  • Northrop Grumman Co. operates as an aerospace and defense technology company, providing stability through government contracts which can lead to consistent revenue streams.
  • The company's Aeronautics Systems segment offers a diverse range of aircraft systems, including unmanned autonomous aircraft systems, which positions them well in the growing defense technology sector.
  • Northrop Grumman's Mission Systems segment provides advanced communication and network systems, electronic warfare systems, and intelligence processing systems, showcasing a strong foothold in critical defense technologies.
  • Recent institutional investments in Northrop Grumman indicate confidence from financial entities, potentially signaling positive future performance.
  • With a strong presence in the aerospace and defense industry, Northrop Grumman is well-positioned to benefit from increased defense spending and technological advancements in the sector.

Cons

Investors should be bearish about investing in Northrop Grumman Co. for these reasons:

  • Defense industry stocks can be sensitive to geopolitical events and government policy changes, leading to potential volatility in Northrop Grumman's stock price.
  • As a company heavily reliant on government contracts, any disruptions or delays in contract awards could impact Northrop Grumman's financial performance.
  • The aerospace and defense sector is highly competitive, with technological advancements and changing market dynamics posing challenges for companies like Northrop Grumman.
  • Fluctuations in defense budgets and defense spending priorities can affect Northrop Grumman's revenue and profitability.
  • Investors should carefully consider the current stock price of Northrop Grumman and evaluate whether it aligns with their investment goals and risk tolerance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Northrop Grumman pros and cons to contact@marketbeat.com.

NOC Stock Analysis - Frequently Asked Questions

Should I buy or sell Northrop Grumman stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares.
View NOC analyst ratings
or view top-rated stocks.

What is Northrop Grumman's stock price target for 2024?

12 Wall Street research analysts have issued twelve-month price objectives for Northrop Grumman's shares. Their NOC share price targets range from $435.00 to $615.00. On average, they predict the company's share price to reach $494.33 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
View analysts price targets for NOC
or view top-rated stocks among Wall Street analysts.

How have NOC shares performed in 2024?

Northrop Grumman's stock was trading at $468.14 at the start of the year. Since then, NOC shares have decreased by 3.6% and is now trading at $451.26.
View the best growth stocks for 2024 here
.

When is Northrop Grumman's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our NOC earnings forecast
.

How can I listen to Northrop Grumman's earnings call?

Northrop Grumman will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Northrop Grumman's earnings last quarter?

Northrop Grumman Co. (NYSE:NOC) issued its earnings results on Thursday, January, 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.47. The aerospace company had revenue of $10.64 billion for the quarter, compared to analysts' expectations of $10.43 billion. Northrop Grumman had a trailing twelve-month return on equity of 23.07% and a net margin of 5.23%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $7.50 earnings per share.
Read the conference call transcript
.

How often does Northrop Grumman pay dividends? What is the dividend yield for Northrop Grumman?

Northrop Grumman announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Monday, February 26th will be paid a dividend of $1.87 per share on Wednesday, March 13th. This represents a $7.48 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, February 23rd.
Read our dividend analysis for NOC
.

Is Northrop Grumman a good dividend stock?

Northrop Grumman (NYSE:NOC) pays an annual dividend of $7.48 per share and currently has a dividend yield of 1.64%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 26.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOC.

What guidance has Northrop Grumman issued on next quarter's earnings?

Northrop Grumman updated its FY 2024 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of 24.450-24.850 for the period, compared to the consensus EPS estimate of 24.230. The company issued revenue guidance of $40.8 billion-$41.2 billion, compared to the consensus revenue estimate of $41.2 billion.

What is Kathy Warden's approval rating as Northrop Grumman's CEO?

610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com. Kathy Warden has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Northrop Grumman own?

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

Who are Northrop Grumman's major shareholders?

Northrop Grumman's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Global Assets Advisory LLC (0.12%), International Assets Investment Management LLC (0.08%), Factory Mutual Insurance Co. (0.05%), Wealth Enhancement Advisory Services LLC (0.03%), Massmutual Trust Co. FSB ADV (0.02%) and Traynor Capital Management Inc. (0.02%). Insiders that own company stock include David T Perry, Karl J Krapek, Kathryn G Simpson, Kathy J Warden, Mark A Caylor, Mark A Caylor, Mary D Petryszyn, Mary D Petryszyn, Michael A Hardesty, Roshan S Roeder, Sheila C Cheston, Thomas H Jones and Thomas L Wilson Jr.
View institutional ownership trends
.

How do I buy shares of Northrop Grumman?

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.

Does Northrop Grumman have any subsidiaries?
The following companies are subsidiares of Northrop Grumman: 3001 International, Comptek Research, Confluent RF Systems Corp., Data Procurement Corp., Essex Corporation, Federal Data Corp., Fibersense Technology, Integic Corporation, Litton Industries, Logicon, M5 Network Security, Navia Aviation, Newport News Shipbuilding, Northrop Grumman Integrated Defence Services, Northrop Grumman Overseas Holdings, Northrop Grumman Systems Corporation, Orbital ATK, Qantas Defence Services, Ryan Aeronautical, Scaled Composites LLC, Sonoma Photonics, TRW Automotive Holdings, Xinetics, and XonTech.
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This page (NYSE:NOC) was last updated on 4/16/2024 by MarketBeat.com Staff

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