Northrop Grumman NOC Stock Price Today

Furthermore, as part of risk management, the company is not bidding for the contract to build the next-generation air dominance program (“NGAD”), as it believes it is better suited to be a supplier. As I already own a company that generates a lot of money from a single project overview of fxcm broker (Lockheed Martin’s (LMT) F-35), I’m very happy with this decision. International opportunities, especially in Europe, are expected to further strengthen growth. The strong backlog and international contracts provide a robust foundation for Northrop Grumman’s positive outlook.

• Data may be intentionally delayed pursuant to supplier requirements.
• Northrop mentioned a focus on returning 100% of free cash flow to investors this year, including share repurchases and dividend increases.
• Finally, space systems produce satellites, sensors, space structures, and manufacture long-range missiles and rocket motors.
• As we have pointed out before, the dots between military combat and the profit of a defense contractor do not connect nearly as directly as they seem to in the investing public’s imagination.

Department of Defense’s discretionary spending will shoot past the $1 trillion level by fiscal 2026. Hamas terrorists struck Israel over the weekend in the deadliest attacks the country has experienced in decades. 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 Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Northrop Grumman Earnings History by Quarter

Warden highlighted their involvement in programs like F/A-XX and collaborative combat aircraft (“CCA”) as potential growth areas. The bank also showed that it expects NOC to outperform its peers in terms of growth. While the stock is trading at the highest multiple among its peers, it is expected to erase that premium over the next four years. I have little doubt that most of its free cash flow in the years ahead will also end up in investors’ pockets (both directly via dividends and indirectly via buybacks). As one can imagine, this substantial free cash flow expansion creates opportunities for capital deployment and value creation for shareholders.

The quarterly cash dividend was payable on September 13, 2023 to stockholders of record on August 25, 2023. Northrop Grumman has confirmed that its next quarterly earnings data will be published on Thursday, October 26th, 2023. The fiscal 2024 National Defense Authorization Act is asking for a 3.3% rise in U.S. defense spending to $886.3 billion, while analysts at Bank of America predict the U.S.

Space is hard, but it’s also big — and probably big enough to hold three competing companies offering space tug services. We’d like to share more about how we work and what drives our day-to-day business. NOC’s beta can be found in Trading Information at the top of this page.

The GF Value Line on the summary page provides a snapshot of the fair value at which the stock should ideally be traded. Essentially, NOC is involved in everything ranging from missile defense and commercial space operations to multi-domain warfare support, F-35 fuselage production, Advanced AI, supercomputers, and related services. One of the most important factors in the valuation of a company is growth.

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. Kathy Warden has an approval rating of 85% among the company’s employees. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. My substantial investment in NOC, making it my second-largest portfolio holding, reflects my confidence in the company’s future.

Northrop Grumman is a diversified defense contractor that provides 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 make artillery and missile ammunition and guidance systems, missile defense systems, ayondo forex broker review and conduct maintenance and upgrades on numerous military aircraft. Mission systems create and integrate 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 produce satellites, sensors, space structures, and manufacture long-range missiles and rocket motors.

Research Reports for NOC

For example, the company highlighted its strong sales growth of 7% year-to-date, with a projected 5-6% sales growth for the year at the midpoint of its guide. While some companies often reveal just a bit about their future during these conferences, Northrop pretty much discussed any topic that I have covered in the past, which is one reason why I’m writing this article. With everything said in this article so far, now is a great point to dive into what the company said during last month’s Morgan Stanley Laguna Conference, which was attended by Northrop CEO Kathy Warden. While innovation is hard to quantify, I sometimes joke that NOC is more innovative than all FANG stocks combined. Northrop Grumman is in the Industrials sector and Aerospace & Defense industry. Northrop Grumman’s Q3 earnings are confirmed for Thursday, October 26, 2023.

NOC Media Sentiment

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Global defense industry expenditures topped $1.9 trillion in 2019, and the amount is growing. Northrop Grumman’s stock is owned by many different retail and institutional investors.

Northrop Grumman (NOC) Recently Broke Out Above the 200-Day Moving Average

Northrop Grumman announced a quarterly dividend on Wednesday, August 16th. Stockholders of record on Monday, August 28th will be given a dividend of $1.87 per share on Wednesday, September 13th. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. Despite its current valuation premium, I see NOC as a promising investment with potential for substantial returns in the future. Using the company’s expected 2028 free cash flow yield, the stock is trading at 17.9x free cash flow. Instead of focusing on the NGAD, Northrop Grumman used the aforementioned conference to express confidence in various opportunities within the aerospace and defense sector.

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.

The technique has proven to be very useful for finding positive surprises. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant understanding responsive web design and responsive design testing to supplier requirements. 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.

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It also helps that the company has a net leverage ratio of less than 2x EBITDA and a BBB+ credit rating, meaning it does not need to prioritize its balance sheet over shareholder returns. Northrop mentioned a focus on returning 100% of free cash flow to investors this year, including share repurchases and dividend increases. Additionally, the other day, a defense insider told me that defense companies themselves prefer peacetime.

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This is an example I used in my prior article to show that “defense through innovation” beats “safety through combat.” I’m not writing this article just to tell you how well NOC is doing. Since then, shares have risen 12%, making it one of the best performers in my portfolio.

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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 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.