NOC stock: buy or sell?
December 6th, 2019
Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.
Should I buy NOC stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Northrop Grumman stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Northrop Grumman stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we gathered 12 ratings published for NOC stock in the last month. The general sentiment of these ratings is bullish for NOC stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-6||Morgan Stanley||Equal Weight||Overweight|
|2019-7-25||Credit Suisse Group||n/a||Outperform|
|2019-7-25||Bank of America||n/a||Buy|
|2019-7-10||Robert W. Baird||Market Perform||Outperform|
|2019-6-14||Morgan Stanley||n/a||Equal Weight|
|2019-2-13||Morgan Stanley||Equal Weight||Equal Weight|
|2019-2-1||Goldman Sachs Group||Conviction-Buy||Buy|
|2019-2-1||Bank of America||Buy||Buy|
NOC stock analysis
Shares of Northrop Grumman closed on Dec/6 at $344.76 and stayed constant a neutral 0.10%.
Northrop Grumman shares stayed stable 0.10% to $344.76 on Dec 6th. Since price and SMA100d lines crossed down on November 19th, NOC fell $-10.61 per share (-2.99%). On September, NOC hit new all time highs, pushing higher previous ATH of $379.04 recorded on September. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Northrop Grumman ended this week at $344.76 and slightly fell a rough -1.99%.
Northrop Grumman is in a glaring downtrend, marking successive declining peaks and bottoms. Now is trading in between the - range. There is an opportunity to rebound and reverse this situation if price can hold above the level. Not so far away is the last all-time high Northrop Grumman marked late September. Late May, SMA20w and SMA40w crossed up triggering a rise of 13.73%. Since early April when NOC stock price broke up the SMA40w line, it gained $71.65 (26.23%).
NOC stock price history
NOC stock went public on December 31st, 1981 with a price of $1.211. Since then, NOC stock surged a 28,392.60%, with a yearly average of 767.40%. If you had invested right after NOC's IPO a $1,000 in NOC stock in 1981, it would worth $283,926.00 today.
1: Adjusted price after possible price splits or reverse-splits.
NOC stock historical price chart
NOC stock reached all-time highs on September with a price of $382.45.
NOC stock price target is $352.50How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 10 price targets for NOC stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-25||Credit Suisse Group||Reiterates||$364.00||$385.00||5.8%|
|2019-7-25||Bank of America||Raises Target||$355.00||$405.00||14.1%|
|2019-7-10||Robert W. Baird||Reiterates||$300.00||$364.00||21.3%|
|2019-6-14||Morgan Stanley||Raises Target||$308.00||$335.00||8.8%|
|2019-4-25||UBS Group||Raises Target||$290.00||$300.00||3.4%|
|2019-2-13||Morgan Stanley||Raises Target||$305.00||$308.00||1%|
|2019-2-1||Bank of America||Reiterates||$360.00||$355.00||-1.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, Northrop Grumman . As soon as we get its posted EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Northrop Grumman annual turnover climbed a super good 15.73% to $30,095.00 million dollars from $26,004.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) remained steady a -0.30% to 10.73%. To have an up to date picture of the financial situation of Northrop Grumman, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Northrop Grumman TTM sales up to March 2019 were $31,549.00 and earnings were $3,353.00 million dollars. When comparing this TTM figures with the last reported annuality, we can review Northrop Grumman business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, inched a decent 4.83%. Nevertheless, profit margin (net income/revenues) stayed stable at 10.73%.
|2013||$24,660 M||-||$1,950 M7.9%||-|
|2014||$23,979 M||-2.76%||$2,069 M8.6%||6.10%|
|2015||$23,526 M||-1.89%||$1,990 M8.5%||-3.82%|
|2016||$24,508 M||4.17%||$2,200 M9.0%||10.55%|
|2017||$26,004 M||6.10%||$2,869 M11.0%||30.41%|
|2018||$30,095 M||15.73%||$3,229 M10.7%||12.55%|
|TTM||$31,549 M||4.83%||$3,353 M10.6%||3.84%|
Quarterly financial resultsNorthrop Grumman reported $8,189.00 million in revenues for 2019-Q1, a 0.40% up compared to previous quarter. Reported quarter income marked $863.00 million with a profit margin of 10.54%. Profit margin stepped up a 2.48% compared to previous quarter when profit margin was 8.06%. When comparing turnover to same quarter last year, Northrop Grumman sales marked an outstanding increase and boosted a 21.59%. Looking back to recent quarterly results, Northrop Grumman posted 5 negative quarters in a row.
|2017-Q2||$6,380 M||-||$552 M8.7%||-|
|2017-Q3||$6,530 M||2.35%||$645 M9.9%||16.85%|
|2017-Q4||$6,351 M||-2.74%||$167 M2.6%||-74.11%|
|2018-Q1||$6,735 M||6.05%||$739 M11.0%||342.51%|
|2018-Q2||$7,119 M||5.70%||$689 M9.7%||-6.77%|
|2018-Q3||$8,085 M||13.57%||$1,144 M14.1%||66.04%|
|2018-Q4||$8,156 M||0.88%||$657 M8.1%||-42.57%|
|2019-Q1||$8,189 M||0.40%||$863 M10.5%||31.35%|
Northrop Grumman ownershipWhen you are planning to buy a company, it's always worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Northrop Grumman, 0.54% of all outstanding shares are owned by its staff.
Bearish positions for NOC stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$58.1 B||$199.3 B||$53.1 B||$1.8 B||$0.0 M|
|Total shares||168.5 M||562.8 M||289.3 M||106.3 M||0.0 M|
|Float shares||167.8 M||528.7 M||257.2 M||103.9 M||0.0 M|
|- Institutional holdings (%)||85.3%||70.6%||87.8%||87.6%||0.0%|
|- Insider holdings (%)||0.5%||0.1%||6.0%||2.0%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$344.32 - $348.15|
|Average true range||$4.85|
|50d mov avg||$353.30|
|100d mov avg||$355.79|
|200d mov avg||$324.31|
Northrop Grumman performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Northrop Grumman, the benchmark is made against Boeing, General Dynamics, Kratos Defense & Security Solutions, L3 Technologies, Lockheed Martin, Raytheon and United Technologies.
|KTOSKratos Defense & ...||-7.35%||-22.25%||27.57%|
Northrop Grumman competitorsWe selected a few stocks to conform a list of Northrop Grumman competitors to watch if you are interested in investing in NOC:
- Boeing (BA)
- General Dynamics (GD)
- Kratos Defense & Security Solutions (KTOS)
- L3 Technologies (LLL)
- Lockheed Martin (LMT)
- Raytheon (RTN)
- United Technologies (UTX)
Latest NOC stock news
- InvestorPlace3 Big Stock Charts for Friday: Simon Property Group, Cardinal Health and Northrop GrummanMay 10, 2019
- Seeking AlphaQ1 2019 Post-Earnings Analysis - Northrop GrummanApril 25, 2019
- Seeking AlphaAnticipating Q1 Earnings - Northrop GrummanApril 15, 2019
- Seeking AlphaNorthrop Grumman: Buy This Military Company For Total Return And IncomeFebruary 19, 2019
- Seeking AlphaDeep Space Acquisition - Initiating Coverage On Northrop GrummanFebruary 13, 2019