The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Northrop Grumman Corp. (NYSE: NOC) closed at $473.75 up 1.04% from its previous closing price of $468.86. In other words, the price has increased by $1.04 from its previous closing price. On the day, 0.73 million shares were traded. NOC stock price reached its highest trading level at $474.85 during the session, while it also had its lowest trading level at $468.96.
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 22.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.17.
On January 16, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $505.
Deutsche Bank Downgraded its Buy to Hold on December 15, 2023, whereas the target price for the stock was revised from $541 to $473.
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 Feb 21 ’24 when Caylor Mark A sold 825 shares for $454.68 per share. The transaction valued at 375,111 led to the insider holds 16,432 shares of the business.
Simpson Kathryn G sold 356 shares of NOC for $161,866 on Feb 21 ’24. The Corp VP & General Counsel now owns 1,668 shares after completing the transaction at $454.68 per share. On Feb 21 ’24, another insider, Hardesty Michael A, who serves as the Corp VP, Controller & CAO of the company, sold 210 shares for $454.68 each. As a result, the insider received 95,483 and left with 3,127 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 70181322752 and an Enterprise Value of 85203247104. As of this moment, Northrop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.14, and their Forward P/E ratio for the next fiscal year is 17.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.12. 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 4.93. Its current Enterprise Value per Revenue stands at 2.124 whereas that against EBITDA is 20.561.
Stock Price History:
Over the past 52 weeks, NOC has reached a high of $496.89, while it has fallen to a 52-week low of $414.56. The 50-Day Moving Average of the stock is 1.93%, while the 200-Day Moving Average is calculated to be 3.54%.
Shares Statistics:
For the past three months, NOC has traded an average of 961.34K shares per day and 1168620 over the past ten days. A total of 150.11M shares are outstanding, with a floating share count of 147.56M. Insiders hold about 0.29% of the company’s shares, while institutions hold 86.32% stake in the company. Shares short for NOC as of 1713139200 were 1855344 with a Short Ratio of 1.93, compared to 1710460800 on 1928184. Therefore, it implies a Short% of Shares Outstanding of 1855344 and a Short% of Float of 1.26.
Dividends & Splits
According to the company, the forward annual dividend rate for NOC is 7.48, from 7.48 in the trailing year. Against a Trailing Annual Dividend Yield of 0.01595359The stock’s 5-year Average Dividend Yield is 1.57.
