On Tuesday, Northrop Grumman Corp. (NYSE: NOC) opened higher 2.99% from the last session, before settling in for the closing price of $528.07. Price fluctuations for NOC have ranged from $414.56 to $534.61 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 5.62% annually for the last half of the decade. Company’s average yearly earnings per share was noted 8.22% at the time writing. With a float of $145.90 million, this company’s outstanding shares have now reached $150.11 million.
In an organization with 101000 employees, it is important to assess its efficiency.
Northrop Grumman Corp. (NOC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of Northrop Grumman Corp. is 0.24%, while institutional ownership is 82.78%. The most recent insider transaction that took place on Sep 05 ’24, was worth 17,151. In this transaction Director of this company sold 33 shares at a rate of $519.74, taking the stock ownership to the 4,239 shares. Before that another transaction happened on Aug 29 ’24, when Company’s Director sold 34 for $516.06, making the entire transaction worth $17,546. This insider now owns 4,272 shares in total.
Northrop Grumman Corp. (NOC) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 6.18 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 5.81) by 0.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.70% during the next five years compared to -6.06% drop over the previous five years of trading.
Northrop Grumman Corp. (NYSE: NOC) Trading Performance Indicators
Check out the current performance indicators for Northrop Grumman Corp. (NOC). In the past quarter, the stock posted a quick ratio of 0.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95. Likewise, its price to free cash flow for the trailing twelve months is 30.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 15.32, a number that is poised to hit 6.07 in the next quarter and is forecasted to reach 27.74 in one year’s time.
Technical Analysis of Northrop Grumman Corp. (NOC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.71 million. That was inferior than the volume of 0.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 65.26%. Additionally, its Average True Range was 9.49.
During the past 100 days, Northrop Grumman Corp.’s (NOC) raw stochastic average was set at 91.47%, which indicates a significant increase from 72.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.90% in the past 14 days, which was lower than the 17.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $507.38, while its 200-day Moving Average is $469.19. However, in the short run, Northrop Grumman Corp.’s stock first resistance to watch stands at $557.70. Second resistance stands at $571.53. The third major resistance level sits at $587.49. If the price goes on to break the first support level at $527.92, it is likely to go to the next support level at $511.96. The third support level lies at $498.13 if the price breaches the second support level.
Northrop Grumman Corp. (NYSE: NOC) Key Stats
There are currently 147,990K shares outstanding in the company with a market cap of 79.54 billion. Presently, the company’s annual sales total 39,290 M according to its annual income of 2,056 M. Last quarter, the company’s sales amounted to 10,218 M and its income totaled 940,000 K.
