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.
It has fallen so far, especially compared to peers Lockheed and Raytheon (both of which he likes). Would buy at these levels.
It rallied 25% earlier this year then consolidated. His pick of the day.
The defence sector has been weak, given political uncertainty in the U.S. NOC has a strong backlog though. He prefers General Dynamics. Valuations in this space are reasonable; there's value in this sector (and in healthcare).
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
In the last year, 6 stock analysts published opinions about NOC-N. 5 analysts 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.
Northrop Grumman was recommended as a Top Pick by on . Read the latest stock experts ratings for Northrop Grumman.
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.
6 stock analysts on Stockchase covered Northrop Grumman In the last year. It is a trending stock that is worth watching.
On 2023-03-31, Northrop Grumman (NOC-N) stock closed at a price of $461.72.
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)