Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days.
Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors. A number of research firms which of the following is iterative four stage approach have recently weighed in on NOC. Sanford C. Bernstein lowered their price objective on Northrop Grumman from $581.00 to $569.00 in a research report on Friday, June 30th. Wells Fargo & Company lifted their price target on shares of Northrop Grumman from $448.00 to $485.00 and gave the company an “equal weight” rating in a report on Monday, July 31st.
- Finally, StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Tuesday, September 5th.
- The monthly returns are then compounded to arrive at the annual return.
- It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems.
This group has a Zacks Industry Rank of 81, putting it in the top 33% of all 250+ industries. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com.
NOC Stock – Frequently Asked Questions
Vontobel Holding Ltd. increased its stake in shares of Northrop Grumman by 41.4% in the 1st quarter. Vontobel Holding Ltd. now owns 3,445 shares of the aerospace company’s stock worth $1,541,000 after purchasing an additional 1,008 shares in the last quarter. Prudential PLC bought a new position in Northrop Grumman in the 1st quarter worth $1,514,000. Sequoia Financial Advisors LLC lifted its position in Northrop Grumman by 21.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,390 shares of the aerospace company’s stock valued at $622,000 after purchasing an additional 247 shares in the last quarter. Grew its holdings in Northrop Grumman by 11.0% during the first quarter.
These are established companies that reliably pay dividends. It is also worth noting that NOC currently has a PEG ratio of 4.69. The PEG ratio is similar to the widely-used P/E ratio, but https://1investing.in/ this metric also takes the company’s expected earnings growth rate into account. The Aerospace – Defense industry currently had an average PEG ratio of 1.91 as of yesterday’s close.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company’s aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft.
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
SpaceX Is Making Space Launches Look Easy. Investors Should Pay Attention.
NOC’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of NOC’s
competitive advantage. Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise. The Aerospace – Defense industry is part of the Aerospace sector.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. Space is hard, but it’s also big — and probably big enough to hold three competing companies offering space tug services. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Northrop Grumman Board Declares Quarterly Dividend
Now owns 1,890 shares of the aerospace company’s stock valued at $845,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 82.40% of the company’s stock. 14 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Northrop Grumman in the last year. There are currently 1 sell rating, 7 hold ratings and 6 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.
Northrop Grumman CEO Kathy Warden joins ‘Closing Bell Overtime’ to talk global security, growth in space tech, the nuclear triad and much more. For a limited time only, there’s money to be made launching large rockets to space — but that could change soon. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.
Is It Time to Sell NOC? Shares are up today.
One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $506.40. A number of other hedge funds also recently bought and sold shares of the company. Cibc World Market Inc. raised its position in Northrop Grumman by 59.4% in the first quarter. Cibc World Market Inc. now owns 7,390 shares of the aerospace company’s stock worth $3,305,000 after acquiring an additional 2,753 shares during the period.
This story was reviewed by MarketBeat’s editorial team prior to publication. The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. Northrop Grumman NOC has outperformed the market over the past 15 years by 4.01% on an annualized basis producing an average annual return of 13.06%. Currently, Northrop Grumman has a market capitalization of $63.91 billion.
- NOC earnings call for the period ending September 30, 2022.
- Global defense industry expenditures topped $1.9 trillion in 2019, and the amount is growing.
- Wells Fargo & Company lifted their price target on shares of Northrop Grumman from $448.00 to $485.00 and gave the company an “equal weight” rating in a report on Monday, July 31st.
- The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
- These are established companies that reliably pay dividends.
Kathy Warden has an approval rating of 85% among the company’s employees. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. NOC earnings call for the period ending September 30, 2022.
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against its industry peers and the overall market. Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are early in their life cycle.
Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.66 billion, up 7.63% from the year-ago period. Any recent changes to analyst estimates for Northrop Grumman should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook. Prior to today’s trading, shares of the defense contractor had gained 0.17% over the past month. This has outpaced the Aerospace sector’s loss of 4.06% and the S&P 500’s loss of 1.27% in that time.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.75%. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.78%. Within the past 30 days, our consensus EPS projection has moved 0.11% lower. Investors will be hoping for strength from Northrop Grumman as it approaches its next earnings release. On that day, Northrop Grumman is projected to report earnings of $5.73 per share, which would represent a year-over-year decline of 2.72%.
Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Defense Department contract to continue testing and building out ultra-high-speed hypersonic missile systems… Tony Bancroft, Gabelli Funds Portfolio Manager, joins ‘Closing Bell Overtime’ to talk the aerospace sector, government spending and more. CNBC’s Morgan Brennan joins ‘Power Lunch’ to discuss defense stocks and concern with government spending.
It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
Northrop Grumman (NOC Quick QuoteNOC – Free Report) closed at $422.72 in the latest trading session, marking a -1.92% move from the prior day. Elsewhere, the Dow gained 0.22%, while the tech-heavy Nasdaq added 0.09%. Northrop Grumman (NOC) closed at $422.72 in the latest trading session, marking a -1.92% move from the prior day. One share of NOC stock can currently be purchased for approximately $426.31. Northrop Grumman’s stock is owned by a variety of institutional and retail investors.
NOC earnings call for the period ending December 31, 2022. Global defense industry expenditures topped $1.9 trillion in 2019, and the amount is growing. Twenty years in the space station supply business set Northrop up for an even longer future in space. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.