Northrop Grumman Corp. (NYSE:NOC) shares traded -0.17% lower at $466.43 on Wall Street last session.
NOC stock price is now -0.39% away from the 50-day moving average and 1.57% away from the 200-day moving average. The market capitalization of the company currently stands at $69.03B.
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With the price target maintained at $532, Alembic Global Advisors recently Upgraded its rating from Neutral to Overweight for Northrop Grumman Corp. (NYSE: NOC). On January 16, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $505, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, ROEDER ROSHAN S, CVP & Pres. Defense Systems sold 910 shares of the company’s stock on May 20 ’24. The stock was sold for $429,429 at an average price of $471.90. Upon completion of the transaction, the CVP & Pres. Defense Systems now directly owns 666 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, CVP & Pres, Mission Systems Caylor Mark A sold 825 shares of the business’s stock. A total of $375,111 was realized by selling the stock at an average price of $454.68. This leaves the insider owning 16,432 shares of the company worth $7.66 million. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, Northrop Grumman Corp. has had a low of $414.56 and a high of $496.89. As of last week, the company has a debt-to-equity ratio of 1.28, a current ratio of 1.11, and a quick ratio of 1.01. According to the stock market information, the enterprise value for the company is $84119961600, which is based on a 32.63 price-to-earnings ratio, a 1.10 price-to-earnings-growth ratio, and a beta of 0.35. The fifty day moving average price for NOC is $468.351 and a two-hundred day moving average price translates $459.37524 for the stock.
The latest earnings results from Northrop Grumman Corp. (NYSE: NOC) was released for 2024-03-31. According to the Aerospace & Defense Company, earnings per share came in at 5.34, beating analysts’ expectations of 5.33 by 0.01. This compares to $5.50 EPS in the same period last year. The net profit margin was 5.38% and return on equity was 14.70% for NOC. The company reported revenue of $10.13 billion for the quarter, compared to $9.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.95 percent. For the current quarter, analysts expect NOC to generate $10.02B in revenue.
