Business Strategy and Outlook
| Nicolas Owens |Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are early in their life cycle.
NYSE: NOC
Last close prices updated as of
Jun 09, 2023, 7:00 PM EST
| USD | BATS BZX Real-Time Price
- Last Close 454.26
- Sector Industrials
- Industry Aerospace & Defense
- Investment Style Large Blend
- Day Range 454.19 – 459.71
- Year Range 429.10 – 556.27
- Market Cap 68.9837 Bil
- Volume / Avg 640,865.0 / 764,902.2
- Price / Sales 1.89
- Price / Book 4.56
- Forward Div Yield 1.65%
- Trailing Div Yield 1.55%
Morningstar‘s Stock Analysis NOC
Valuation
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INVESTOR
5-Star Price
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Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Northrop Continues To Replenish Its Portfolio With Strong Space, Missile, and Bomber Programs
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Company Profile NOC
Business Description
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company’s aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.
Related Articles NOC
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of NOC’s competitive advantage.
Northrop Grumman Corp
XNYS: NOC
| Boeing Co
XNYS: BA
| Lockheed Martin Corp
XNYS: LMT
| |
Price
| 454.26 | 217.31 | 462.69 |
Currency
| USD | USD | USD |
Change
| −$1.21 (0.27%) | −$0.80 (0.37%) | −$1.48 (0.32%) |
Market Cap
| 68.98 Bil | 130.73 Bil | 117.18 Bil |
Industry
| Aerospace & Defense | Aerospace & Defense | Aerospace & Defense |
Sector
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Industrials
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Industrials
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Industrials
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* Trading data in this section is delayed by at least 15 minutes.
FAQs for Northrop Grumman Corp Stock
Yes. NOC has a forward dividend yield of 1.65%.
See
NOC’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
NOC’s market cap is 68.98 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
NOC’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
NOC’s price/sales is 1.89.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
NOC’s price/forward earnings is 14.72.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
NOC’s price/book is 4.56.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See NOC’s valuation ratios compared to the Market Index.
NOC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare NOC’s historical performance against its industry peers and the overall market.