What Northrop Grumman Corporation (NOC) Insiders Are Up To

Northrop Grumman Corporation (NYSE:NOC) finished Friday with an addition of $3.44 to close at $406.21, an upside of 0.85 percent. An average of 426,240 shares of common stock have been traded in the last five days. There was a gain of $10.85 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 644,440 shares traded, while the 50-day average volume stands at 655,660.

NOC stock has increased by 15.76% in the last month. The company shares reached their 1-month lowest point of $348.25 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $282.88 and a high of $403.36 in 52 weeks. It has reached a new high 37 times so far this year and achieved 33.31% or $101.49 in price. In spite of this, the price is up 0.71% from the 52-week high.

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Insider Transactions

67 days have passed since Northrop Grumman Corporation (NOC) last reported insider trading activity. Jones Thomas H, who is CVP & Pres Aeronautics Systems, most recently acquired $235 shares at $370.00 per share on Aug 17. In this transaction, the insider spent $86,950. CVP, Pres, Defense Systems, Petryszyn Mary D, disposed of 892 shares at a price of $358.65 on Aug 05. The insider now owns more than $319,916 worth of shares. Prior to that, CVP & Pres, Mission Systems Caylor Mark A went on to Sale 4,386 shares at $358.65 each on Aug 05. An amount of $1,573,039 was transacted.

Valuation Metrics

Northrop Grumman Corporation (NOC) has a trailing price-to-earnings (P/E) ratio of 14.66, which compares with the 18.50 for the broader industry and 29.83 for the sector. In the last five years, Northrop Grumman Corporation’s PE ratio has ranged between 29.11 and 10.18. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.71, the price-to-book (PB) ratio at 5.85, and the price-to-cash flow ratio at 39.14.

Northrop Grumman Corporation pays a $6.28 dividend per share annually. It offers a dividend yield of 1.55%. The company has a payout ratio of 21.30%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $1.57 a share, representing a up of 1021.43% from $0.14 last year. Its dividend has been increased for the last 18 consecutive years with the latest increase dividend $1.43 reported on Wednesday August 11 2021.Dividends have grown by 45.38% each year over the last three years.

The quick ratio of Northrop Grumman Corporation for the three months ended June 29 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.14 and a total debt to equity ratio of 1.14 for the quarter ending June 29. Northrop Grumman Corporation’s EBITDA margin for the year ending June 29 is 14.49%, while its operating margin for the same period stands at 15.80%. Its gross profit as reported stood at $7.48 billion compared to revenue of $36.8 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Northrop Grumman Corporation’s return on assets was 10.50%. For the broader industry, ROE averaged 8.06 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Northrop Grumman Corporation had $12.76 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.04 billion in the quarter, while revenues of $2.19 billion were grew 3.09%. The analyst consensus anticipated Northrop Grumman Corporation’s latest quarter earnings to come in at $5.84 per share, but it turned out to be $6.42, a 9.90% surprise. For the quarter, EBITDA amounted to $1.34 billion. Shareholders own equity worth $160.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Northrop Grumman Corporation (NOC) price momentum. RSI 9-day as of the close on 22 October was 85.01%, suggesting the stock is Overbought, with historical volatility in this time frame at 11.04%.

As of today, NOC’s price is $400.61 +2.74% or $10.85 from its 5-day moving average. NOC is currently trading +14.20% higher than its 20-day SMA and +10.62% higher than its 100-day SMA. However, the stock’s current price level is +11.64% above the SMA50 and +38.84% above the SMA200.

The stochastic %K and %D were 98.62% and 98.02%, respectively, and the average true range (ATR) was 6.17. With the 14-day stochastic at 99.76% and the average true range at 6.17, the RSI (14) stands at 79.78%. The stock has reached 6.94 on the 9-day MACD Oscillator while the 14-day reading was at 11.87.

Analyst Ratings

Goldman upgraded Northrop Grumman Corporation (NYSE: NOC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Northrop Grumman Corporation (NOC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NOC, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.

What is NOC’s price target for the next 12 months?

Analysts predict a range of price targets between $335.00 and $481.00, with a median target of $412.00. Taking a look at these predictions, the average price target given by analysts for Northrop Grumman Corporation (NOC) stock is $413.65.


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