Northrop Grumman Corp. (NYSE: NOC) is 1.97% higher on its value in year-to-date trading and has touched a low of $414.56 and a high of $496.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOC stock was last observed hovering at around $469.91 in the last trading session, with the day’s gains setting it 7.45%.
Currently trading at $477.36, the stock is 3.27% and 4.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 1.59% at the moment leaves the stock 4.77% off its SMA200. NOC registered 4.17% gain for a year compared to 6-month gain of 11.90%. The firm has a 50-day simple moving average (SMA 50) of $2.14 and a 200-day simple moving average (SMA200) of $19.91.
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The stock witnessed a 4.15% loss in the last 1 month and extending the period to 3 months gives it a 2.77%, and is 1.40% 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 1.04% over the week and 1.16% over the month.
Northrop Grumman Corp. (NOC) has around 101000 employees, a market worth around $71.62B and $39.29B in sales. Current P/E ratio is 35.45 and Fwd P/E is 17.27. Profit margin for the company is 5.23%. Distance from 52-week low is 15.15% and -3.93% from its 52-week high. The company has generated returns on investments over the last 12 months (6.75%).
Northrop Grumman Corp. quarterly earnings per share for the current quarter are estimated at $5.75 with sales reaching $9.76B over the same period.The EPS is expected to grow by 6.09% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.
1,812 institutions hold shares in Northrop Grumman Corp. (NOC), with institutional investors hold 84.14% of the company’s shares. The shares outstanding are 150.11M, and float is at 149.60M with Short Float at 1.29%. Institutions hold 83.92% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 14.14 million shares valued at $6.45 billion. The investor’s holdings represent 9.35% of the NOC Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 12.18 million shares valued at $5.55 billion to account for 8.05% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 12.11 million shares representing 8.01% and valued at over $5.52 billion, while Blackrock Inc. holds 6.35% of the shares totaling 9.6 million with a market value of $4.38 billion.
Northrop Grumman Corp. (NOC) Insider Activity
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 825 shares of the company’s common stock on Feb 21 ’24 at a price of $454.68 per share for a total of $0.38 million. Following the sale, the insider now owns 16432.0 shares.
Northrop Grumman Corp. disclosed in a document filed with the SEC on Feb 21 ’24 that Simpson Kathryn G (Corp VP & General Counsel) sold a total of 356 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $454.68 per share for $0.16 million. Following the transaction, the insider now directly holds 1668.0 shares of the NOC stock.
Still, SEC filings show that on Feb 21 ’24, Hardesty Michael A (Corp VP, Controller & CAO) disposed off 210 shares at an average price of $454.68 for $95483.0. The insider now directly holds 3,127 shares of Northrop Grumman Corp. (NOC).
