Northrop Grumman Corporation’s stock price soars to $491.97, marking a robust 2.16% increase

Northrop Grumman Corporation (NOC)

491.97 USD +10.40 (+2.16%) Volume: 1.23M

Northrop Grumman Corporation’s stock price surges to $491.97, marking a positive session change of +2.16% on a trading volume of 1.23M, reflecting a solid YTD increase of +4.83%, underlining the robust performance of NOC shares in the market.

Latest developments on Northrop Grumman Corporation

Northrop Grumman has been making significant strides in the defense industry, with recent developments including winning contracts from Raytheon and Nammo for solid rocket motor development. The company’s arm also secured a contract to support E-2C & D Hawkeye Jets, while modernizing and expanding SRM capacity. Northrop’s CEO praised the Japan-U.S. missile defense project as a model for cooperation. The stock price movements today reflect these positive developments, as investors anticipate the company’s continued growth and success in the defense sector.

Northrop Grumman Corporation on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been bullish on Northrop Grumman, a leading aerospace and defense company. In their research reports, analysts highlight the company’s strong financial performance, with record backlogs and impressive book-to-bill ratios. For example, Northrop Grumman reported a backlog of approximately $91.5 billion and a book-to-bill ratio of 1.23x in the fourth quarter of 2024, indicating robust demand in both domestic and international markets. New contract wins and ongoing programs further support this positive outlook, with programs like the TACAMO program and Poland’s IBCS system contributing to an international book-to-bill ratio of 1.4x.

Another report by Baptista Research focuses on Northrop Grumman‘s expansion of Sentinel & GPI programs and other major drivers. The analysts commend the company’s performance amidst global complexities, with a record backlog of $85 billion in the third quarter of 2024. This backlog, more than twice the annual revenue, coupled with an impressive book-to-bill ratio, underscores the continued demand for Northrop Grumman‘s defense technologies. The research reports on Smartkarma provide valuable insights into the company’s strengths and potential for growth in the aerospace and defense sector.

A look at Northrop Grumman Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Northrop Grumman Corporation, a global security company, has received a mixed outlook based on the Smartkarma Smart Scores. While the company excels in areas such as dividend and momentum, scoring a 4 and 5 respectively, it falls short in resilience with a score of 2. This indicates that Northrop Grumman may face challenges in adapting to unforeseen circumstances in the long term.

Despite its strong momentum, Northrop Grumman‘s overall outlook is average, with value and growth scores of 3 each. This suggests that while the company may offer a stable dividend and show promising growth potential, investors should carefully consider the company’s resilience factor before making long-term investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma