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In the latest session, Northrop Grumman Corp. (NYSE: NOC) closed at $527.97 down -0.65% from its previous closing price of $531.43. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.91 million shares were traded. NOC stock price reached its highest trading level at $529.435 during the session, while it also had its lowest trading level at $522.12.
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 23.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.42. 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.
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 Oct 07 ’24 when WELSH MARK A III sold 33 shares for $535.60 per share. The transaction valued at 17,675 led to the insider holds 4,221 shares of the business.
WELSH MARK A III sold 33 shares of NOC for $17,151 on Sep 05 ’24. The Director now owns 4,239 shares after completing the transaction at $519.74 per share. On Aug 29 ’24, another insider, WELSH MARK A III, who serves as the Director of the company, sold 34 shares for $516.06 each. As a result, the insider received 17,546 and left with 4,272 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 77212966912 and an Enterprise Value of 92107112448. As of this moment, Northrop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.46, and their Forward P/E ratio for the next fiscal year is 19.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 5.41. Its current Enterprise Value per Revenue stands at 2.26 whereas that against EBITDA is 21.4.
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 1.47%, while the 200-Day Moving Average is calculated to be 11.55%.
Shares Statistics:
For the past three months, NOC has traded an average of 675.49K shares per day and 487410 over the past ten days. A total of 150.11M shares are outstanding, with a floating share count of 145.90M. Insiders hold about 0.24% of the company’s shares, while institutions hold 83.92% stake in the company. Shares short for NOC as of 1727654400 were 1462725 with a Short Ratio of 2.17, compared to 1724976000 on 1412908. Therefore, it implies a Short% of Shares Outstanding of 1462725 and a Short% of Float of 1.0.
Dividends & Splits
According to the company, the forward annual dividend rate for NOC is 7.86, from 7.67 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014432757The stock’s 5-year Average Dividend Yield is 1.58.
