
Northrop Grumman Corporation (NOC)
473.41 USD +13.73 (+2.99%) Volume: 1.25M
Northrop Grumman Corporation’s stock price soars at 473.41 USD, witnessing a bullish trading session with a +2.99% surge and a trading volume of 1.25M, reflecting a promising YTD performance with a gain of +0.88%, making NOC a key player to watch in the defense industry stock market.
Latest developments on Northrop Grumman Corporation
Northrop Grumman Co. (NYSE:NOC) has been experiencing fluctuations in its stock price due to recent activities in the market. SVB Wealth LLC and FourThought Financial Partners LLC have both acquired shares of the company, while Nwam LLC and National Pension Service have sold off some of their holdings. Additionally, the B-21 Raider Bomber project, estimated at $203 billion, has stirred up attention and speculation around the company’s future prospects. US Bancorp DE, Fisher Asset Management LLC, and Bank of New York Mellon Corp have all made adjustments to their stakes in Northrop Grumman Co. Los Angeles Capital Management LLC has increased its shares, while IFP Advisors Inc holds a substantial $2.52 million position in the company. These recent transactions and the ongoing developments in the defense industry are likely influencing the stock price movements of Northrop Grumman today.
Northrop Grumman Corporation on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been bullish on Northrop Grumman, a leading aerospace and defense company. In their research reports, they highlight the company’s strong financial performance, with record backlogs and impressive book-to-bill ratios. For example, Northrop Grumman ended the year with a backlog of approximately $91.5 billion and a book-to-bill ratio of 1.23x, indicating robust demand in both domestic and international markets. New contract wins, like the TACAMO program and ongoing programs such as Poland’s IBCS system, contribute to this positive outlook for the company.
Baptista Research‘s analysis also emphasizes Northrop Grumman‘s success in expanding its Sentinel & GPI programs, showcasing commendable performance amidst global complexities. With a backlog reaching a record $85 billion and a book-to-bill ratio that exceeds annual revenue, Northrop Grumman continues to demonstrate its strength in the aerospace and defense sector. The research reports point towards a positive sentiment towards Northrop Grumman, highlighting the company’s resilience and growth potential in the market.
A look at Northrop Grumman Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Northrop Grumman Corporation, a global security company, is expected to have a positive long-term outlook based on its Smartkarma Smart Scores. With solid scores in Dividend and Momentum, the company is showing strength in its ability to provide returns to shareholders and maintain positive market trends. While Value and Growth scores are not the highest, Northrop Grumman‘s overall outlook remains optimistic.
Despite facing challenges in Resilience, Northrop Grumman Corporation’s strong performance in Dividend and Momentum suggests a promising future. As a global provider of aerospace, electronics, and technical services, the company continues to deliver innovative solutions to government and commercial customers worldwide. With a focus on maintaining shareholder returns and market momentum, Northrop Grumman is positioned to navigate potential obstacles and sustain its growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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