Daily Progress: Northrop Grumman Corp (NOC) Gain 0.20, Closing at 491.98

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In the latest session, Northrop Grumman Corp (NYSE: NOC) closed at $491.98 up 0.20% from its previous closing price of $491.02. In other words, the price has increased by $0.20 from its previous closing price. On the day, 0.53 million shares were traded. NOC stock price reached its highest trading level at $492.9499 during the session, while it also had its lowest trading level at $487.44.

Ratios:

For a deeper understanding of Northrop Grumman Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.83. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.12.

On July 29, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $474 to $575.

On June 26, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $565.BTIG Research initiated its Buy rating on June 26, 2024, with a $565 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 11 ’24 when Davies Benjamin R. sold 1,156 shares for $532.93 per share. The transaction valued at 616,067 led to the insider holds 537 shares of the business.

Davies Benjamin R. bought 1,156 shares of NOC for $616,067 on Nov 11 ’24. On Nov 05 ’24, another insider, WELSH MARK A III, who serves as the Director of the company, sold 33 shares for $510.10 each. As a result, the insider received 16,833 and left with 4,188 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOC now has a Market Capitalization of 71679033344 and an Enterprise Value of 86452191232. As of this moment, Northrop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.46, and their Forward P/E ratio for the next fiscal year is 17.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 4.86. Its current Enterprise Value per Revenue stands at 2.109 whereas that against EBITDA is 19.393.

Stock Price History:

Over the past 52 weeks, NOC has reached a high of $555.57, while it has fallen to a 52-week low of $418.60. The 50-Day Moving Average of the stock is -5.66%, while the 200-Day Moving Average is calculated to be 2.58%.

Shares Statistics:

For the past three months, NOC has traded an average of 642.07K shares per day and 794990 over the past ten days. A total of 150.11M shares are outstanding, with a floating share count of 145.38M. Insiders hold about 0.22% of the company’s shares, while institutions hold 82.40% stake in the company. Shares short for NOC as of 1730332800 were 1438896 with a Short Ratio of 2.24, compared to 1727654400 on 1462725. Therefore, it implies a Short% of Shares Outstanding of 1438896 and a Short% of Float of 0.9900000000000001.

Dividends & Splits

According to the company, the forward annual dividend rate for NOC is 7.86, from 7.86 in the trailing year. Against a Trailing Annual Dividend Yield of 0.016007496The stock’s 5-year Average Dividend Yield is 1.59.

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