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The company was founded in 1939 and is based in Falls Church, Virginia. The company also develops and produces other weapons and mission systems controls (e.g., munitions and missiles, precision strike weapons, air-breathing and hypersonic systems, and gun systems). Northrop Grumman was founded in 1939 and is headquartered in Falls Church, VA. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year.

• The technique has proven to be very useful for finding positive surprises.
• Northrop Grumman issued an update on its FY 2023 earnings guidance on Thursday, April, 27th.
• Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
• There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock.
• One share of NOC stock can currently be purchased for approximately $453.86.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

About Northrop Grumman Corporation

One share of NOC stock can currently be purchased for approximately $453.86. Northrop Grumman issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $22.25-$22.85 for the period, compared to the consensus EPS estimate of $22.03. The company issued revenue guidance of $38.00 billion-$38.40 billion, compared to the consensus revenue estimate of $38.32 billion. The Barchart Technical Opinion rating is a 56% Sell with a Weakening short term outlook on maintaining the current direction.

Twenty years in the space station supply business set Northrop up for an even longer future in space. For a limited time only, there’s money to be made launching large rockets to space — but that could change soon.

Northrop Grumman Corp. NOC (U.S.: NYSE)

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms https://g-markets.net/helpful-articles/master-the-simple-inside-bar-breakout-trading/ of use please see Barchart’s disclaimer. Stockholders of record on Tuesday, May 30th will be paid a dividend of $1.87 per share on Wednesday, June 14th.

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 15 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Northrop Grumman in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares.

• These returns cover a period from January 1, 1988 through May 15, 2023.
• ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
• Kathy Warden has an approval rating of 85% among the company’s employees.
• Provides a general description of the business conducted by this company.
• This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.65%.
• Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Price and EPS Surprise Chart

Northrop Grumman’s stock is owned by a number of institutional and retail investors. Top institutional shareholders include ZWJ Investment Counsel Inc. (0.06%), Country Trust Bank (0.06%), Cambridge Investment Research Advisors Inc. (0.02%), Trinity Street Asset Management LLP (0.02%), LVM Capital Management Ltd. Insiders that own company stock include David T Perry, Janis G Pamiljans, Karl J Krapek, Kathy J Warden, Lesley A Kalan, Mark A Caylor, Mark A Caylor, Mary D Petryszyn, Mary D Petryszyn, Michael A Hardesty, Shawn N Purvis, Sheila C Cheston, Thomas H Jones and Thomas L Wilson Jr. The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. The technique has proven to be very useful for finding positive surprises.

610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com. Kathy Warden has an approval rating of 85% among the company’s employees. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Sign-up to receive the latest news and ratings for Northrop Grumman and its competitors with MarketBeat’s FREE daily newsletter. Provides a general description of the business conducted by this company. Global defense industry expenditures topped $1.9 trillion in 2019, and the amount is growing.

Stock Activity

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The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Northrop Grumman now sees 2023 sales $38.0 bln to $38.4 bln; factSet consensus $37.8 bln

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from the stock’s previous quarterly dividend of $1.73. According to 13 analysts, the average rating for NOC stock is “Hold.” The 12-month stock price forecast is $485.25, which is an increase of 7.27% from the latest price. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

These returns cover a period from January 1, 1988 through May 15, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.