As of Friday close, Northrop Grumman Corporation’s (NYSE:NOC) stock was up $1.0, moving up 0.23 percent to $430.17. The average number of shares traded per day over the past five days has been 582,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.88 fall in that time frame. In the last twenty days, the average volume was 843,440, while in the previous 50 days, it was 729,930.
Since last month, NOC stock retreated -5.32%. Shares of the company fell to $421.73 on 08/15/23, the lowest level in the past month. A 52-week high of $556.27 was reached on 01/03/23 after having rallying from a 52-week low of $421.73. Since the beginning of this year, NOC’s stock price has dropped by -21.16% or -$115.44, and marked a new high 1 time. However, the stock has declined by -22.67% since its 52-week high.
NOC stock investors should be aware that Northrop Grumman Corporation (NOC) stock had its last reported insider trading activity 12 days ago on Aug 07. Caylor Mark A, the CVP & Pres, Mission Systems of the company, disposed of 1,670 shares for $437.87 on Aug 07. It resulted in a $731,243 divestment by the insider. Perry David T sold 3,999 shares at an average price of $469.65 on Mar 06. The insider now owns 8,717 shares following the transaction. On Mar 03, CVP & Pres, Mission Systems Caylor Mark A sold 2,810 shares at $467.58 apiece. The transaction was valued at $1,313,910.
Valuation Metrics
Right now, Northrop Grumman Corporation (NOC) has a P/E ratio of about 14.26. The stock’s beta is 0.52. Besides these, the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 4.21, and the price-to-cash flow ratio of 28.72 may also be considered.
The latest dividend of $1.87 per share was paid out, remained unchanged from last year’s $1.87.
Financial Health
In the three months ended June 29, Northrop Grumman Corporation’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.89, and the total debt-to-equity ratio was 0.96. On the profitability front, the trailing twelve-month gross margin is 20.20% percent. In the year ended June 29, EBITDA margin amounted to 13.50%, whereas operating margins totaled 9.70%. Based on annual data, NOC earned $7.47 billion in gross profit and brought in $36.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.40%. Return on equity (ROE) for the past 12 months was 31.10%.
In Northrop Grumman Corporation’s quarter-end financial report for June 29, it reported total debt of $13.8 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NOC’s revenue rose 8.09% to $9.3 billion during the quarter, while net income inched up to $9.58 billion. While analysts expected Northrop Grumman Corporation to report $5.33 quarterly earnings, the actual figure was $5.34 per share, beating the consensus estimate by 0.20%. During the quarter, the company generated $1.29 billion in EBITDA. The liabilities of Northrop Grumman Corporation were 30.12 billion at the end of its most recent quarter ended June 29, and its total debt was $17.44 billion. The value of shareholders’ equity is $151.3 million.
Technical Picture
This quick technical analysis looks at Northrop Grumman Corporation’s (NOC) price momentum. With a historical volatility rate of 12.77%, the RSI 9-day stood at 39.82% on 18 August.
With respect to its five-day moving average, the current Northrop Grumman Corporation price is down by -0.20% percent or -$0.88. At present, NOC shares trade -5.13% below its 20-day simple moving average and -6.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.11% below its SMA50 and -21.65% below its SMA200.
Stochastic coefficient K was 24.74% and Stochastic coefficient D was 16.35%, while ATR was 6.73. Given the Stochastic reading of 30.22% for the 14-day period, the RSI (14) reading has been calculated as 40.12%. As of today, the MACD Oscillator reading stands at -1.01, while the 14-day reading stands at -5.58.
Analyst Ratings
Northrop Grumman Corporation downgraded its rating on Northrop Grumman Corporation (NYSE: NOC) to an Equal weight in a note to investors on May 11, 2023. The analysts firm previously had an Overweight rating on the stock.Northrop Grumman Corporation (NOC) has been rated Overweight by analysts. According to 1 brokerage firm, NOC is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Northrop Grumman Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $485.00, the current consensus forecast for the stock is $384.00 – $615.00. Based on these forecasts, analysts predict Northrop Grumman Corporation (NOC) will achieve an average price target of $500.56.
