The stock of Northrop Grumman Corporation (NYSE:NOC) increased by $0.78 on Friday to finish at $431.05, up 0.18 percent. The last five days have seen an average of 1,007,280 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$114.56. The average number of shares traded over the last 20 days was 929,375, while the average volume over the last 50 days totaled 755,146.
NOC stock dropped -5.68% since last month. On 08/10/23, the company’s shares reached a one-month low of $429.64. The stock touched a high of $556.27 on 01/03/23, after rallying from a low of $429.10 in 52 weeks. The price of NOC stock has declined by -21.00% or -$114.56 this year, reaching a new high 1 time. Still, the stock price is down -22.51% from the 52-week high.
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Insider Transactions
NOC stock investors should be aware that Northrop Grumman Corporation (NOC) stock had its last reported insider trading activity 7 days ago on Aug 07. On Aug 07, CVP & Pres, Mission Systems Caylor Mark A sold 1,670 shares at $437.87 each. This transaction resulted in the insider making $731,243. On Mar 06, Perry David T sold 3,999 shares at a price of US$469.65. After the transaction, the insider now owns 8,717 shares. CVP & Pres, Mission Systems Caylor Mark A had earlier sold 2,810 shares on Mar 03 for $467.58 a share. The transaction was completed for $1,313,910.
Valuation Metrics
Northrop Grumman Corporation (NOC) has a trailing price-to-earnings (P/E) ratio of 14.29. Beta for the stock is 0.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 4.22, and the price-to-cash flow ratio of 28.78.
Company paid $1.87 per share in dividends, an increase of 8.09% from $1.73 last year. A $0.14 dividend increase was reported on Tuesday May 16 2023.
Financial Health
For the three months ended June 29, Northrop Grumman Corporation’s quick ratio was 1.10, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.89, and the total debt to equity ratio is 0.96. As far as profitability goes, gross margin for the trailing twelve months is 20.20% percent. Northrop Grumman Corporation’s EBITDA margin for the year ended June 29 was 13.50%, whereas its operating margin stood at 9.70% for the same period. Based on annual data, it had gross profit of $7.47 billion and revenue of $36.6 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NOC’s return on assets (ROA) during the last 12 months has been 10.50%. There was a 9.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.10%.
Earnings Surprise
According to Northrop Grumman Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.58 billion, while revenues rose by 8.09% to $9.3 billion. It was predicted that Northrop Grumman Corporation’s quarterly earnings would be $5.34, but it ended up being $5.33, beating the consensus by 0.20%. EBITDA was $1.29 billion for the quarter. At the end of Northrop Grumman Corporation’s most recent quarter ended June 29, its liabilities totaled 30.12 billion, while its total debt was $17.44 billion. Equity owned by shareholders amounts to $151.3 million.
Technical Picture
Here’s a quick look at Northrop Grumman Corporation’s (NOC) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 32.04%, suggesting the stock is Neutral, with a 10.54% historical volatility rate.
The stochastic %K and %D were 6.91% and 8.65% respectively, while the average true range (ATR) was 6.83. Based on the 14-day stochastic reading of 4.67%, the RSI (14) reading is 36.70%. On the 9-day MACD Oscillator, the stock is at -5.84, and the 14-day reading is at -10.39.
Analyst Ratings
Northrop Grumman Corporation (NYSE: NOC) was downgraded by Barclays to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Northrop Grumman Corporation (NOC) an Overweight rating. NOC is a stock that is recommended for selling by 1 brokerage firm, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 6 others recommend it as a buy.
What is NOC’s price target for the next 12 months?
The current consensus forecast for the stock is between $384.00 and $615.00, with a median target price of $485.00. In analyzing these forecasts, the average price target given by analysts for Northrop Grumman Corporation (NOC) is $502.24.
