$1000 Invested In Northrop Grumman 15 Years Ago Would Be Worth This Much Today Northrop Grumman NYSE:NOC

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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 https://1investing.in/ 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.

Price Over Earnings Overview: Northrop Grumman

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%.

Northrop Grumman Corp. stock outperforms competitors on strong trading day

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.

• Twenty years in the space station supply business set Northrop up for an even longer future in space.
• This story was reviewed by MarketBeat’s editorial team prior to publication.
• Morningstar analysts hand-select direct competitors or comparable companies to
  provide context on the strength and durability of NOC’s
  competitive advantage.
• There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock.
• 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.
• 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.

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.

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 yahoo india finance my portfolio 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.

Price and EPS Surprise Chart

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

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.

Today’s Trading

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.

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 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.

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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Northrop Grumman declared a quarterly dividend on Wednesday, August 16th. Investors of record on Monday, August 28th will be given a dividend of $1.87 per share on Wednesday, September 13th. This represents a $7.48 annualized dividend and a yield of 1.75%.

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 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.

About Northrop Grumman

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.