Northrop Grumman Corporation operates as an aerospace and defense company worldwide The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems.
infoNorthrop Grumman is a large cap stock with a total market cap of 65.74B.
infoThey trade on the NYSE and had their IPO 41 years and 7 months ago.
infoNorthrop Grumman currently employs 95000 people.
infoAs of Wednesday, Aug 23 2023, Northrop Grumman’s share price is $434.52.
News Relating to Northrop Grumman
Invezz
Lockheed and Northrop win $1.5 billion worth of Pentagon contracts
Monday Aug 21 2023 at 13:55
Pentagon just awarded contracts worth $1.5 billion to Lockheed Martin Corp (NYSE: LMT) and Northrop Grumman Corp (NYSE: NOC). Shares of both companies are in the green at writing.
CNBC
Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites
Monday Aug 21 2023 at 11:56
The Pentagon’s Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman.
The Motley Fool
The Space Tug Market Is Heating Up, and This Company Could Give Rocket Lab and Northrop Grumman a Run for Their Money
Monday Aug 21 2023 at 08:08
Firefly Aerospace is entering the space tug market with three new offerings: Elytra Dawn, Elytra Dusk, and Elytra Dark. There’s just one problem: Northrop Grumman and Rocket Lab already have space tugs in orbit.
Seeking Alpha
Northrop Grumman: 4 Reasons To Buy This Leading Defense Contractor
Monday Aug 21 2023 at 01:35
Northrop Grumman gets a buy rating today, agreeing with the consensus from analysts and Wall Street. Positives: capital strength, dividend yield vs. sector, valuation vs. sector, share price vs the 200-day average. Headwinds: earnings growth YoY needs improvement.
Market Watch
Air Force awards $235 million to JetZero to build prototype of sleek new plane
Wednesday Aug 16 2023 at 20:24
The U.S. Air Force will invest $235 million to help a startup manufacturer build a jet with a blended-wing body that officials say could provide greater range and efficiency for military tankers and cargo planes and perhaps eventually be used to carry airline passengers.
Zacks Investment Research
RTX Secures U.S. Army Contract to Procure TOW 2B Missiles
Wednesday Aug 16 2023 at 11:44
RTX’s TOW weapon system is currently deployed with more than 40 international armed forces and integrated on more than 15,000 ground, vehicle and helicopter platforms.
Zacks Investment Research
RTX’s Unit Secures Contract for Satellite Communications Pod
Tuesday Aug 15 2023 at 10:55
RTX Corporation’s (RTX) unit Collins Aerospace will provide a secure and reliable wireless data network to warfighters through its Beyond-Line-Of-Sight satellite communications pod.
CNBC Television
Final Trades: Conocophillips, Alibaba, Northrop Grumman & more
Wednesday Aug 02 2023 at 15:06
The “Halftime Report” traders give their top picks to watch for the second half.
Zacks Investment Research
Aerospace & Defense ETFs Under Spotlight Amid Upbeat Q2 Results
Tuesday Aug 01 2023 at 11:55
Capitalize on the upbeat Q2 earnings of the Aerospace and Defense companies with these ETFs.
The Motley Fool
These Two Defense Titans Will Battle to Build the Nation’s Next Fighter Jet
Saturday Jul 29 2023 at 08:00
Northrop Grumman will not participate in the Air Force’s Next Generation Air Dominance (NGAD) competition, leaving the award to Lockheed Martin or Boeing. Lockheed has the incumbent’s advantage, but for Boeing, the competition represents a chance for a fresh start.
Zacks Investment Research
Northrop Grumman (NOC) Beats on Q2 Earnings, Ups ’23 Sales View
Thursday Jul 27 2023 at 13:12
Northrop Grumman’s (NOC) Q2 sales of $9.58 billion beat the Zacks Consensus Estimate by 2.7%. The top line also increases 9% from $8.80 billion in the year-ago quarter.
Zacks Investment Research
Northrop Grumman (NOC) Q2 Earnings and Revenues Top Estimates
Thursday Jul 27 2023 at 09:28
Northrop Grumman (NOC) came out with quarterly earnings of $5.34 per share, beating the Zacks Consensus Estimate of $5.31 per share. This compares to earnings of $6.06 per share a year ago.
Reuters
Northrop Grumman lifts annual forecasts on weapons demand
Thursday Jul 27 2023 at 07:09
Northrop Grumman raised its full-year profit and revenue forecasts on Thursday, as the aerospace and defense major bets on strong weapon demand amid heightened geopolitical tensions.
Market Watch
Northrop Grumman profit falls 14% but beats target and lifts outlook
Thursday Jul 27 2023 at 06:48
Northrop Grumman Corp. NOC, -0.01% stock was up by 0.8% in premarket trades Thursday after the defense contractor beat its revenue and earnings target and raised the low end of its 2023 outlook. Northrop reported second-quarter profit of $812 million, or $5.34 a share, down 14% from $946 million, or $6.06 a share, in the year-ago quarter.
Seeking Alpha
Investing In UAP Disclosure, And How To Manage Risk
Saturday Jul 22 2023 at 01:10
The US government is investigating Unknown Aerial Phenomenon (UAP) and discussing the Unidentified Anomalous Phenomena Disclosure Act, which could become law. The act would allow the government to seize non-human technologies currently being developed by private corporations, potentially impacting investment markets. Whistleblower David Grusch claims the US government possesses spacecraft reverse-engineered with non-human technology, which could significantly benefit companies such as Lockheed, Northrop Grumman, General Dynamics, Raytheon, and SpaceX.
Zacks Investment Research
Will Segment Revenues Aid Northrop’s (NOC) Q2 Earnings?
Friday Jul 21 2023 at 08:27
Northrop’s (NOC) Q2 results are likely to reflect solid sales growth across the majority of its segments. However, higher labor and material costs due to inflation may have impacted the bottom line.
Seeking Alpha
Northrop Grumman Stock: A Realistic Approach
Wednesday Jul 19 2023 at 19:21
Shares of Northrop Grumman Corporation soared in 2022 in anticipation of further growth following the war between Ukraine and Russia. This and inflation are not really showing up in the results, which are lagging a bit, notably 2023 margins. Given higher anticipations, modest growth, lower margins this year, and higher net debt, I understand the recent underperformance of Northrop Grumman shares.
Market Watch
Raytheon, Northrop Grumman get U.S. defense contract to keep testing hypersonic weapons
Monday Jul 17 2023 at 19:00
Weapons developers Raytheon and Northrop Grumman Corp. NOC, +0.80% have been awarded a U.S. Defense Department contract to continue testing and building out ultra-high-speed hypersonic missile systems, executives at both companies said on Monday. The follow-on contract was awarded by the Defense Advanced Research Projects Agency, or DARPA, to lower risk for those systems and incorporate manufacturing improvements into their design.
InvestorPlace
7 Undervalued Dividend Stocks With Growth Potential for Investors
Monday Jul 17 2023 at 14:45
Dabbling in the vast ocean of stock market investing, savvy players continue to be drawn by the allure of undervalued dividend stocks. These attractions could prove irresistible, particularly for those plotting a long-term investment course where valuation and investment return assume a towering significance over time.
Zacks Investment Research
Northrop (NOC) Wins Contract to Aid France’s E-2D Hawkeye Jets
Thursday Jul 13 2023 at 11:08
Northrop (NOC) is set to supply spare parts for E-2D Advanced Hawkeye aircraft to support flight test, following the delivery for three unique configurations of these jets.
Zacks Investment Research
3 Aerospace-Defense Stocks to Watch Amid Rising Fed Policy Rate
Wednesday Jul 12 2023 at 11:06
A promising air traffic view is likely to aid aerospace-defense industry stocks amid strengthening dollar and consistent supply-chain disruption. You may keep LMT, NOC & LDOS in your watchlist.
Zacks Investment Research
Northrop (NOC) Wins Deal for OPIR Polar Space Vehicles 1 & 2
Monday Jul 10 2023 at 09:30
Northrop (NOC) clinches a $42.8 million modification contract for Next-Generation OPIR Polar Space Vehicles 1 and 2.
Zacks Investment Research
Northrop (NOC) Wins $12.7M Deal for Non-Standard Ammunition
Tuesday Jul 04 2023 at 10:00
Northrop (NOC) clinches a $12.7 million deal for the procurement of non-standard ammunition.
Zacks Investment Research
Northrop (NOC) Wins Contract to Aid E-2D Hawkeye Aircraft
Thursday Jun 29 2023 at 11:23
Northrop (NOC) is set to conduct repair and overhaul of 270 power amplifier modules to support the E-2D aircraft.
GuruFocus
Defense Stocks Seem Timely to Me Now
Monday Jun 26 2023 at 10:14
Vladimir Putin invades Ukraine and sabre-rattles about nuclear weapons. Xi Jinping says he wants his military to be ready to invade Taiwan by 2027.
The Motley Fool
3 Stocks to Buy That Are Down 10% to 45% From Their All-Time Highs
Sunday Jun 18 2023 at 05:30
Air Products has been rewarding shareholders with a steadily rising dividend for decades. The sell-off of Northrop Grumman stock relative to the defense industry has gone too far.
The Motley Fool
Firefly Aerospace Is Reborn, and Getting Bigger
Saturday Jun 17 2023 at 08:08
Just a few years ago, the company that coined the Firefly name was one of a series of space start-ups that were going bankrupt. Today, Firefly Aerospace is a $1 billion “unicorn” private space company, building everything from rockets to lunar landers to space tugs.
Reuters
Analysis: Boeing, Northrop face obstacles in commercializing flagship US rocket
Wednesday Jun 07 2023 at 13:11
NASA’s plans to turn over its flagship rocket to contractors Boeing and Northrop Grumman to find more buyers and bring down costs faces steep hurdles thanks to meager demand even from the Pentagon and a sprawling supplier network.
Seeking Alpha
Northrop Grumman: A Shareholder-Friendly Defense Stock
Saturday Jun 03 2023 at 00:47
Northrop Grumman offers an attractive investment opportunity due to its diversified business, history of shareholder value, and advanced defense solutions. The company has consistently increased its dividend by 12% annually since 2013 and is on track to become a dividend aristocrat in five years. Analysts project a target price of $513, presenting a 16% upside from the current price, with the potential for even greater gains in the coming years.
Seeking Alpha
Northrop Grumman Corp (NOC) 2023 Bernstein’s 39th Annual Strategic Decisions Conference Transcript
Thursday Jun 01 2023 at 14:58
Northrop Grumman Corp (NYSE:NOC ) 2023 Bernstein’s 39th Annual Strategic Decisions Conference Call June 1, 2023 9:00 AM ET Company Participants Kathy Warden – Chairman & Chief Executive Officer Conference Call Participants Douglas Harned – Bernstein Douglas Harned Okay, good morning. We’re continuing on defense here, and I’m Doug Harned, Bernstein’s senior aerospace and defense analyst.
Northrop Grumman Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Northrop Grumman’s Altman Z-score is 3.49 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Northrop Grumman Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has sold $731.24K of common stock in Northrop Grumman on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Northrop Grumman’s Income Quality of 0.58 is in line with its Industry Group of 0.6 (-3.3% lower)
Northrop Grumman’s Income Quality of 0.58 is lower than its Major Industry Group of 0.71 (-18.3% lower)
Northrop Grumman’s Income Quality of 0.58 is lower than its Sector of 0.75 (-22.7% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Northrop Grumman’s Current Ratio of 1.2 is lower than its Industry Group of 2.57 (-53.3% lower)
Northrop Grumman’s Current Ratio of 1.2 is lower than its Major Industry Group of 3.13 (-61.7% lower)
Northrop Grumman’s Current Ratio of 1.2 is lower than its Sector of 2.6 (-53.8% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Northrop Grumman’s PE Ratio of 14.14 is in line with its Industry Group of 14.14
Cannot compare a negative PE Ratio (14.14 & -0.58)
Cannot compare a negative PE Ratio (14.14 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Northrop Grumman’s PB Ratio of 4.25 is greater than its Industry Group of 1.82 (133.5% greater)
Northrop Grumman’s PB Ratio of 4.25 is greater than its Major Industry Group of 1.93 (120.2% greater)
Northrop Grumman’s PB Ratio of 4.25 is greater than its Sector of 1.62 (162.3% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Northrop Grumman’s ROE of 0.3 is greater than its Industry Group of 0.09 (233.3% greater)
Northrop Grumman’s ROE of 0.3 is greater than its Major Industry Group of -0.09 (433.3% greater)
Northrop Grumman’s ROE of 0.3 is greater than its Sector of -0.03 (1100.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Northrop Grumman’s ROCE of 0.17 is greater than its Industry Group of 0.08 (112.5% greater)
Northrop Grumman’s ROCE of 0.17 is greater than its Major Industry Group of -0.14 (221.4% greater)
Northrop Grumman’s ROCE of 0.17 is greater than its Sector of -0.04 (525.0% greater)
Derived from SEC.GOV filing dataopen_in_new