Northrop Grumman Corporation’s stock price soars to $506.62, marking a robust 2.33% increase

Northrop Grumman Corporation (NOC)

506.62 USD +11.54 (+2.33%) Volume: 0.99M

Northrop Grumman Corporation’s stock price stands robust at 506.62 USD, marking a notable trading session upswing of +2.33% and a promising YTD increase of +7.95%. With a healthy trading volume of 0.99M, NOC’s stock performance continues to capture investor interest.

Latest developments on Northrop Grumman Corporation

Northrop Grumman is eagerly anticipating the US Navy’s decision on the next-generation fighter contract this week, alongside Boeing. The outcome of this contract has sent shockwaves through the industry, with Boeing’s recent Fighter Jet win causing ripples for Lockheed and Northrop. Despite being dubbed the forgotten winner of Boeing’s F-47, Northrop Grumman remains a key player in the competition. With the post-Boeing Air Force contract looming, Northrop Grumman‘s stock price movements today are closely tied to the outcome of these crucial contracts. As the US prepares to announce who will build the next-generation carrier-based fighter, Northrop Grumman aims to be the top gun for the Navy’s 6th Generation Fighters. Investors and financial institutions alike are closely watching Northrop Grumman‘s stock, with various purchases and investments being made in anticipation of the company’s future success.

Northrop Grumman Corporation on Smartkarma

Analysts at Baptista Research have provided bullish coverage on Northrop Grumman, highlighting the company’s strong financial results and performance in the aerospace and defense sector. In their report titled “Northrop Grumman: Does Its Role in National Security Really Shield It From Market Volatility? – Major Drivers,” the analysts noted the company’s record backlog of approximately $91.5 billion and a book-to-bill ratio of 1.23x. They pointed out new contract wins like the TACAMO program and the B-21’s second LRIP Lot, as well as ongoing programs like Poland’s IBCS system contributing to an international book-to-bill ratio of 1.4x.

In another report by Baptista Research titled “Northrop Grumman Corporation: Expansion of Sentinel & GPI Programs & Other Major Drivers,” analysts continued to express bullish sentiment towards Northrop Grumman. They highlighted the company’s compelling results for the third quarter of 2024, emphasizing a robust backlog of $85 billion and an impressive book-to-bill ratio. The analysts praised Northrop Grumman‘s performance amidst global complexities and identified the expansion of Sentinel & GPI programs as key drivers for the company’s success in the aerospace and defense sector.

A look at Northrop Grumman Corporation Smart Scores

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 showing a promising outlook according to the Smartkarma Smart Scores. With strong scores in Dividend and Momentum, the company is positioned well for future growth and stability. While Value and Growth scores are moderate, Northrop Grumman‘s resilience score could be an area of concern, indicating some potential challenges ahead. Overall, the company’s performance across these key factors suggests a positive long-term outlook.

Northrop Grumman Corporation, known for providing systems and solutions in aerospace, electronics, and information systems, is receiving favorable ratings in key areas according to the Smartkarma Smart Scores. The company’s high scores in Dividend and Momentum reflect its strong performance and potential for continued success. However, with moderate scores in Value and Growth, Northrop Grumman may need to focus on improving its resilience to ensure sustained growth in the future. Despite some challenges, the overall outlook for Northrop Grumman appears optimistic based on these scores.

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.
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