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After finishing at $508.04 in the prior trading day, Northrop Grumman Corp. (NYSE: NOC) closed at $506.86, down -0.23%. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 0.53 million shares were traded. NOC stock price reached its highest trading level at $509.42 during the session, while it also had its lowest trading level at $504.87.
Ratios:
Our goal is to gain a better understanding of NOC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on July 29, 2024, Upgraded its rating to Buy and sets its target price to $575 from $474 previously.
On June 26, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $565.
Bernstein Downgraded its Outperform to Mkt Perform on June 21, 2024, while the target price for the stock was maintained at $477.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 02 ’24 when Jones Thomas H sold 1,390 shares for $500.00 per share. The transaction valued at 695,000 led to the insider holds 4,634 shares of the business.
Jones Thomas H bought 1,390 shares of NOC for $695,000 on Aug 02 ’24. On Jul 26 ’24, another insider, Jones Thomas H, who serves as the CVP & Pres Aeronautics Systems of the company, sold 1,389 shares for $477.56 each. As a result, the insider received 663,331 and left with 6,755 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 74125737984 and an Enterprise Value of 89019875328. As of this moment, Northrop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.08, and their Forward P/E ratio for the next fiscal year is 18.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 5.19. Its current Enterprise Value per Revenue stands at 2.184 whereas that against EBITDA is 20.683.
Stock Price History:
Over the past 52 weeks, NOC has reached a high of $508.47, while it has fallen to a 52-week low of $414.56. The 50-Day Moving Average of the stock is 11.18%, while the 200-Day Moving Average is calculated to be 9.71%.
Shares Statistics:
The stock has traded on average 908.95K shares per day over the past 3-months and 600400 shares per day over the last 10 days, according to various share statistics. A total of 150.11M shares are outstanding, with a floating share count of 145.74M. Insiders hold about 0.35% of the company’s shares, while institutions hold 87.13% stake in the company. Shares short for NOC as of 1722384000 were 1409881 with a Short Ratio of 1.55, compared to 1719532800 on 1670697. Therefore, it implies a Short% of Shares Outstanding of 1409881 and a Short% of Float of 0.97.
Dividends & Splits
In the trailing 12 months, NOC’s forward annual dividend rate was 7.67, compared to 7.67 this year. Against a Trailing Annual Dividend Yield of 0.015097236The stock’s 5-year Average Dividend Yield is 1.58.
