Northrop Grumman Corporation (NYSE: NOC) is 1.40% higher on its value in year-to-date trading and has touched a low of $263.31 and a high of $385.01 in the current 52-week trading range. The NOC stock was last observed hovering at around $342.10 in the last trading session, with the day’s gains setting it 6.69% off its average median price target of $398.00 for the next 12 months. It is also 22.49% off the consensus price target high of $450.00 offered by 20 analysts, but current levels are -12.88% lower than the price target low of $309.00 for the same period.
Currently trading at $348.79, the stock is 5.95% and 5.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing 1.96% at the moment leaves the stock 0.17% off its SMA200. NOC registered 9.58% gain for a year compared to 6-month loss of 1.27%. The firm has a 50-day simple moving average (SMA 50) of $331.59 and a 200-day simple moving average (SMA200) of $341.98.
The stock witnessed a 7.60% gain in the last 1 month and extending the period to 3 months gives it a 11.33%, and is 5.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.78% over the month.
Northrop Grumman Corporation (NOC) has around 90000 employees, a market worth around $58.49B and $34.27B in sales. Current P/E ratio is 26.28 and Fwd P/E is 13.76. Profit margin for the company is 6.60%. Distance from 52-week low is 32.46% and -9.41% from its 52-week high. The company has generated returns on investments over the last 12 months (16.20%).
Northrop Grumman Corporation (NOC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Northrop Grumman Corporation (NOC) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Northrop Grumman Corporation is expected to release its quarterly report on 07/22/2020 and quarterly earnings per share for the current quarter are estimated at $5.33 with sales reaching $8.64B over the same period.The EPS is expected to shrink by -26.60% this year, but quarterly earnings will post 4.00% year-over-year. Quarterly sales are estimated to grow 2.20% in year-over-year returns.
Northrop Grumman Corporation (NOC) Top Institutional Holders
1,442 institutions hold shares in Northrop Grumman Corporation (NOC), with 818.51k shares held by insiders accounting for 0.49% while institutional investors hold 84.47% of the company’s shares. The shares outstanding are 167.70M, and float is at 165.86M with Short Float at 0.93%. Institutions hold 84.06% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 16.43 million shares valued at $4.97 billion. The investor’s holdings represent 9.85% of the NOC Shares outstanding. As of Mar 30, 2020, the second largest holder is Capital International Investors with 16.41 million shares valued at $4.96 billion to account for 9.84% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 13.62 million shares representing 8.17% and valued at over $4.12 billion, while Blackrock Inc. holds 5.66% of the shares totaling 9.44 million with a market value of $2.86 billion.
Northrop Grumman Corporation (NOC) Insider Activity
A total of 77 insider transactions have happened at Northrop Grumman Corporation (NOC) in the last six months, with sales accounting for 39 and purchases happening 38 times. The most recent transaction is an insider sale by Caylor Mark A, the company’s CVP & Pres, Mission Systems. SEC filings show that Caylor Mark A sold 3,340 shares of the company’s common stock on Mar 10 at a price of $324.69 per share for a total of $1.08 million. Following the sale, the insider now owns 14415.0 shares.
Northrop Grumman Corporation disclosed in a document filed with the SEC on Feb 25 that Caylor Mark A (CVP & Pres, Mission Systems) sold a total of 4,805 shares of the company’s common stock. The trade occurred on Feb 25 and was made at $361.07 per share for $1.73 million. Following the transaction, the insider now directly holds 17755.0 shares of the NOC stock.
Still, SEC filings show that on Feb 20, CHESTON SHEILA C. (Corp. VP & General Counsel) disposed off 824 shares at an average price of $365.28 for $0.3 million. The insider now directly holds 31,346 shares of Northrop Grumman Corporation (NOC).
Northrop Grumman Corporation (NOC): Who are the competitors?
The company’s main competitors (and peers) include Lockheed Martin Corporation (LMT) that is trading 16.63% up over the past 12 months. Short interest in the company’s stock has fallen -4.58% from the last report on Apr 14, 2020 to stand at a total of 1.6 million short shares sold with a short interest ratio of 1.71.