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NYSE:NOC

Northrop Grumman (NOC) Stock Price, News & Analysis

$451.33
-2.57 (-0.57%)
(As of 02/8/2024 ET)
Today's Range
$449.81
$454.07
50-Day Range
$435.15
$484.98
52-Week Range
$414.56
$496.89
Volume
527,810 shs
Average Volume
1.10 million shs
Market Capitalization
$67.72 billion
P/E Ratio
33.48
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
0.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.87mentions of Northrop Grumman in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.50%
From $24.52 to $27.83 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.

4.20 out of 5 stars

Aerospace Sector

6th out of 42 stocks

Search & Navigation Equipment Industry

3rd out of 11 stocks


NOC stock logo

About Northrop Grumman Stock (NYSE:NOC)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. 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, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, 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. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.

NOC Stock Price History

NOC Stock News Headlines

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Here's Why Northrop Grumman (NOC) is a Strong Value Stock
Classic Combat Aircraft Made by Northrop Grumman
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
Northrop Grumman (NYSE:NOC) Stock Rating Lowered by StockNews.com
SpaceX Launches Northrop Grumman Cargo Spaceship
Northrop Grumman To Repurchase $1 Bln Of Shares
Northrop Grumman Prices $2.5 Billion Debt Offering
See More Headlines
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Company Calendar

Ex-Dividend for 12/13 Dividend
11/24/2023
Dividend Payable
12/13/2023
Last Earnings
1/25/2024
Today
2/08/2024
Next Earnings (Estimated)
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
+9.5%
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
$32.72 per share
Book Value
$98.61 per share

Miscellaneous

Free Float
149,646,000
Market Cap
$67.71 billion
Optionable
Optionable
Beta
0.35

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Northrop Grumman was last updated on Monday, January 29, 2024 at 1:31 PM.

Pros

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

  • Northrop Grumman Co. has recently secured a major defense contract, which is expected to contribute to its revenue growth in the coming years.
  • The company has a strong track record of delivering innovative and technologically advanced products to its customers, which positions it well in the defense industry.
  • Northrop Grumman Co. has a solid financial position with a healthy balance sheet and strong cash flow, providing stability and potential for future dividends.
  • The company has a diversified portfolio of products and services, serving both domestic and international markets, which reduces its exposure to any single market or customer.
  • Northrop Grumman Co. has a strong research and development capability, allowing it to stay ahead of competitors and continuously introduce new and improved products.

Cons

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

  • The defense industry is subject to government budget cuts and changes in defense spending priorities, which could impact Northrop Grumman Co.'s revenue and profitability.
  • Northrop Grumman Co. operates in a highly competitive market, facing competition from other major defense contractors, which could put pressure on its market share and pricing.
  • The company's business is sensitive to geopolitical risks and global economic conditions, which could affect demand for its products and services.
  • Northrop Grumman Co. relies on a limited number of large contracts, and the loss of any major contract could have a significant negative impact on its financial performance.
  • Investing in Northrop Grumman Co. involves exposure to regulatory and compliance risks, as the defense industry is subject to strict government regulations and oversight.














NOC Stock Analysis - Frequently Asked Questions

Should I buy or sell Northrop Grumman stock right now?

12 Wall Street equities 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 equities 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 brokers have issued 1 year target prices for Northrop Grumman's shares. Their NOC share price targets range from $435.00 to $615.00. On average, they anticipate the company's share price to reach $494.33 in the next twelve months. 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 beginning of 2024. Since then, NOC shares have decreased by 3.6% and is now trading at $451.33.
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 were Northrop Grumman's earnings last quarter?

Northrop Grumman Co. (NYSE:NOC) posted its earnings results on Thursday, January, 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.80 by $0.47. The aerospace company had revenue of $10.64 billion for the quarter, compared to the consensus estimate 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 revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $7.50 EPS.
Read the conference call transcript
.

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

Northrop Grumman declared a quarterly dividend on Wednesday, November 15th. Shareholders of record on Monday, November 27th will be given a dividend of $1.87 per share on Wednesday, December 13th. This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, November 24th.
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 1.67%. 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 26.88% 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 number of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (2.64%), Charles Schwab Investment Management Inc. (0.53%), California Public Employees Retirement System (0.52%), International Assets Investment Management LLC (0.40%), Dimensional Fund Advisors LP (0.36%) and Swiss National Bank (0.30%). Insiders that own company stock include David T Perry, Janis G Pamiljans, Karl J Krapek, Kathy J Warden, Lesley A Kalan, Mark A Caylor, Mark A Caylor, Mary D Petryszyn, Mary D Petryszyn, Michael A Hardesty, Roshan S Roeder, Shawn N Purvis, 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 2/8/2024 by MarketBeat.com Staff

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