The consensus among Wall Street research analysts is that investors should “hold” NOC shares. A hold rating indicates that analysts believe investors should maintain any existing https://forexbroker-listing.com/ positions they have in NOC, but not buy additional shares or sell existing shares. Northrop Grumman is a leading global aerospace and defense technology company.
- They can use it to fuel growth, pay dividends, or buy back shares, but like any financial entity, enough is enough.
- The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally.
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- Space is hard, but it’s also big — and probably big enough to hold three competing companies offering space tug services.
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U.S. defence company Northrop Grumman has pulled out of a competition to supply narrowband military satellite communications for Britain’s armed forces, the Financial Times reported on Friday. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
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The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
- To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
- Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase.
- The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
- The monthly returns are then compounded to arrive at the annual return.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Competition is heating up in the ice-cold dark https://broker-review.org/ of space — and SpaceX may be the next space company to join this race. Northrop Grumman is exploring producing 120 millimetre tank ammunition in Poland as the U.S. ally surges defence production capacity, the company’s chief told Reuters on Thursday.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
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Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day. Wall Street analysts generally feel the direct impact of the conflict on defense stocks will be small, but will improve the way investors view the sector. That means aerospace and defense stocks tend to rise during geopolitical unrest. According to 14 analysts, the average rating for NOC stock is “Buy.” The 12-month stock price forecast is $494.71, which is an increase of 3.30% from the latest price. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate.
The company also develops and produces other weapons and mission systems controls (e.g., munitions and missiles, precision strike weapons, air-breathing and hypersonic systems, and gun systems). Northrop Grumman was founded in 1939 and is headquartered in Falls Church, VA. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. These returns cover a period from January 1, 1988 through October 2, 2023.
The defense sector is going into attack mode, with shares of major players like General Dynamics and Northrop Grumman showing bullish flag patterns. The defense industry shows promising long-term growth potential amid increasing geopolitical tensions, technological advancements, and rising defense spending. NOC, +1.01% said Thursday its third-quarter profit beat analyst expectations as revenue increased by $800 million from the year-ago period.
NOC chart
As the market closed yesterday, the Aerospace – Defense industry was having an average PEG ratio of 1.91. Market participants will be closely following the financial results of Northrop Grumman in its upcoming release. In that report, analysts expect Northrop Grumman to post earnings of $5.77 per share. At the same time, our most recent consensus estimate is projecting a revenue of $10.4 billion, reflecting a 3.7% rise from the equivalent quarter last year. Coming into today, shares of the defense contractor had lost 0.13% in the past month.
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Northrop Grumman’s stock is owned by a variety of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.83%), JPMorgan Chase & Co. (2.98%), FMR LLC (2.93%), Morgan Stanley (2.78%), Massachusetts Financial Services Co. Insiders that own company stock include David T Perry, Janis G Pamiljans, Karl J Krapek, Kathy J Warden, Lesley A Kalan, Mark A Caylor, Mark A Caylor, Mary D Petryszyn, Mary D Petryszyn, Michael A Hardesty, Roshan S Roeder, Shawn N Purvis, Sheila C Cheston, Thomas H Jones and Thomas L Wilson Jr. Don’t forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. The Aerospace – Defense industry is part of the Aerospace sector.
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Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. They can use it to fuel growth, pay dividends, or buy back shares, but like any financial entity, enough is enough. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
Northrop Grumman Management
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. It is also important to note the recent changes to analyst estimates for Northrop Grumman.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. https://forex-reviews.org/ A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.