Northrop Grumman Corp. (NYSE:NOC) saw a downside of -2.79% to close Friday at $424.90 after subtracting -$12.21 on the day. The 5-day average trading volume is 668,260 shares of the company’s common stock. It has gained $443.86 in the past week and touched a new high 2 times within the past 5 days. An average of 613,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 731,700.
NOC’s 1-month performance is -2.21% or -$12.83 on its low of $416.71 reached on 09/11/23. The company’s shares have touched a 52-week low of $416.71 and high of $556.27, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, NOC has lost -22.12% or -$120.71 and has reached a new high 1 time. However, the current price is down -23.62% from the 52-week high price.
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Insider Transactions
NOC stock investors last saw insider trading activity on Aug 07.Caylor Mark A (CVP & Pres, Mission Systems) most recently sold 1,670 shares at $437.87 per share on Aug 07. This transaction cost the insider $731,243. CVP Chief Global Bus Off, Perry David T, sold 3,999 shares at a price of $469.65 on Mar 06. Then, on Mar 03, CVP & Pres, Mission Systems Caylor Mark A sold 2,810 shares at a price of $467.58 per share. This transaction amounted to $1,313,910.
Valuation Metrics
NOC stock has a beta of 0.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.70 while the price-to-book (PB) in the most recent quarter is 4.15, with the price to cash flow ratio at 28.42.
Northrop Grumman Corp.’s quick ratio for the period ended June 29 was 1.07, with the current ratio over the same period at 1.18. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.01, while the total debt to equity was 1.08. In terms of profitability, the gross margin trailing 12 months is 20.24%. The trailing 12-month EBITDA margin is 13.50% while for the period ending June 29, Northrop Grumman Corp.’s operating margin was 9.67%. The firm’s gross profit as reported stood at $7.47 billion against revenue of $36.6 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -16.5% to $812.0 million, while revenue of $842.0 million was -3.69% off the previous quarter. Analysts expected NOC to announce $5.33 per share in earnings in its latest quarter, but it posted $5.34, representing a 0.20% surprise. EBITDA for the quarter stood at more than $1.29 billion. NOC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 30.12 billion, with total debt at $17.44 billion. Shareholders hold equity totaling $151.3 million.
Let’s look briefly at Northrop Grumman Corp. (NOC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 40.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.81%.
The stock’s 5-day moving average is $435.74, reflecting a -1.98% or -$8.59 change from its current price. NOC is currently trading -1.68% above its 20-day SMA, -8.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.03% and SMA200 by-21.52%.
Stochastic %K and %D was 63.92% and 75.61% and the average true range (ATR) pointed at 7.25. The RSI (14) points at 42.91%, while the 14-day stochastic is at 30.17% with the period’s ATR at 7.01. The stock’s 9-day MACD Oscillator is pointing at 1.30 and 3.47 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Northrop Grumman Corp. (NYSE: NOC), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for NOC stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate NOC as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is NOC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $384.00 and a high of $615.00, with their median price target at $484.50. Looking at these predictions, the average price target given by analysts is for Northrop Grumman Corp. (NOC) stock is $497.78.
