NYSE:NOC

461.10
5.92 (1.30%) 1d
0

Related posts

The Ultimate Top Drone Stocks List for Sky-High Returns (25+ Stocks)Wall Street absorbs Israel conflict3 Reopening Stocks for China’s Return
Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

Northrop Grumman (NOC-N) operates in the defense sector with long US Defense Dept. contracts and owns intellectual property of their defense technology, making them a stable and predictable investment. Despite market pullback, they have a strong backlog and potential catalysts in 2024. The company benefits from steady government contracts and recent upgrades in their defense and space programs. Overall, they are expected to have a great year with potential for growth.

Consensus
Positive
Valuation
Undervalued
TOP PICK
Northrop Grumman

Defense is a moat oligopoly with barriers to entry. NOC owns long US Defence Dept. contracts and they own the intellectual property of their defence technology. They operate in 4 segments like space and defence which are predictable and stable. Revenues are stable; 86% of sales are with the US government. They have an $80 billion backlog. Shares pulled back 24% from last year's peaked, but have stabilized. They're grinding through a $1.2 billion cost overrun of the B-21 bomber, fixed-price contract. But a catalyst in 2024 is them likely getting the contract to build the next generation of fight jets. Shares offer returns of 13% compounded historically.

(Analysts’ price target is $489.88)
Transportation
DON'T BUY
Northrop Grumman

Off nearly 20% YTD because investors fear spending restraints on defence by Washington.

Transportation
TOP PICK
Northrop Grumman

European defence budgets rose after Russia invaded Ukraine. Also, NOC upgraded its B-21 bomber, upgraded its nuclear business as well as its space program. They buy back shares and consistently grow their dividend. Good management that benefits from steady government contracts.

(Analysts’ price target is $504.71)

Transportation
BUY
Northrop Grumman

They will have a great year. People underestimate how much money we're spending on defending Ukraine against Russia, and there will be more spending to re-arm them.

Transportation
BUY
Northrop Grumman

It has fallen so far, especially compared to peers Lockheed and Raytheon (both of which he likes). Would buy at these levels.

Transportation
BUY
Northrop Grumman
Allan Tong’s Discover Picks We live an uncertain world. The Russian invasion of Ukraine 11 months ago sparked a rally in defence stocks that continues to this day. Before the Russian war, NOC shares were toiling beneath $400, but then soared as high as $556.27 last fall. Shares now hover around $500. Its PE has climbed accordingly from 9.8x to 15.67x in that period, though has now settled down to 14.25x. (The median average over five years is 15.69x.) Still reasonable. Read 3 Reopening Stocks for China’s Return for our full analysis.
Transportation
TOP PICK
Northrop Grumman
Leader in defense technologies. Believes demand for military equipment growing as global tensions rise. Strong management team and financials.
Transportation
BUY
Northrop Grumman
Up 37% this year. They own a vast defence portfolio in air, land, sea, space and cyber, all areas that the Pentagon spends in. NOC leads in drones and long-range stealth bombers. Two weeks ago they rolled out the new-generation B-21 bomber. The Russian war has created a big bull market in defence, but little NOC hardware is being sold to Ukraine. Shares rallied anyway as Washington pumped defence spending. NOC trades at a reasonable 21x PE.
Transportation
COMMENT
Northrop Grumman
Lockheed martin earnings were spectacular which may auger well for Northrup.
Transportation
BUY
Northrop Grumman
Is trading at an all-time high above all its moving averages and at a reasonable valuation.
Transportation
TOP PICK
Northrop Grumman
It has done well and is trading better than 95% of the companies in the S&P. It is sadly because of the conflict in Ukraine and the growing demand for upgrading defense systems as well as building new ones. There is an increase in defense budgets going forward. A very diversified company. Buy 11, Hold 6, Sell 1 (Analysts’ price target is $499.06)
Transportation
DON'T BUY
Northrop Grumman
Defence is the place to be. Defence budgets globally will rise. He owned this until early 2022. This has to consolidate before seeing the next leg up and he returns to it.
Transportation
BUY
Northrop Grumman

It rallied 25% earlier this year then consolidated. His pick of the day.

Transportation
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Northrop Grumman
(A Top Pick Sep 22/20, Down 10.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NOC has triggered our recommended stop at $295. We recommend covering the position at this time. We will look for better opportunities.
Transportation
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Northrop Grumman
Stockchase Research Editor: Michael O'Reilly NOC is a security company providing products like autonomous systems and cybersecurity and it operates in the US, Asia-Pacific and internationally. It has over $70 billion in backlog orders, which are principally with government agencies like the US Defense department. Recent earnings were up 19% with a 53% increase in free cash flow and the company increased its earnings guidance. We would trade this with a stop-loss at $295. Yield 1.78% (Analysts’ price target is $393.18)
Transportation
Showing 1 to 15 of 28 entries

Northrop Grumman(NOC-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Northrop Grumman is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Northrop Grumman(NOC-N) Frequently Asked Questions

What is Northrop Grumman stock symbol?

Northrop Grumman is a American stock, trading under the symbol NOC-N on the New York Stock Exchange (NOC). It is usually referred to as NYSE:NOC or NOC-N

Is Northrop Grumman a buy or a sell?

In the last year, 2 stock analysts published opinions about NOC-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Northrop Grumman.

Is Northrop Grumman a good investment or a top pick?

Northrop Grumman was recommended as a Top Pick by on . Read the latest stock experts ratings for Northrop Grumman.

Why is Northrop Grumman stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Northrop Grumman worth watching?

2 stock analysts on Stockchase covered Northrop Grumman In the last year. It is a trending stock that is worth watching.

What is Northrop Grumman stock price?

On 2024-02-23, Northrop Grumman (NOC-N) stock closed at a price of $461.1.