Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The Aerospace Systems segment designs, develops, integrates, and produces manned aircrafts, autonomous systems, spacecraft systems, high-energy laser systems, microelectronics, and other systems and sub-systems for use in the areas of intelligence, surveillance and reconnaissance, strike operations, communications, earth observations, and space science. The Innovation Systems segment designs, develops, integrates, and produces flights, armaments, and space systems. It offers launch vehicles and related propulsion systems; missile products and defense electronics; precision weapons, armament systems, and ammunitions; satellites and associated space components and services; and advanced aerospace structures. The Mission Systems segment offers products and services that include C4ISR systems; radar, electro-optical/infrared (EO/IR), and acoustic sensors; electronic warfare systems; cyber solutions; space systems; intelligence processing systems; air and missile defense integration systems; navigation systems; and shipboard missiles and encapsulated payload launch systems. The Technology Services segment provides logistic solutions that supports the full life cycle of platforms and systems. Its products and services include software and system sustainment; modernization of platform and associated subsystems; advanced training solutions; and integrated logistics support. Northrop Grumman Corporation was founded in 1939 and is based in Falls Church, Virginia.
Industry, Sector and Symbol
Industry Search & navigation equipment
Sub-IndustryAerospace & Defense
SectorAerospace
Phone703-280-2900
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$30.10 billion
Profitability
Miscellaneous
Employees85,000
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable
Northrop Grumman (NYSE:NOC) Frequently Asked Questions
What is Northrop Grumman's stock symbol?
Northrop Grumman trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOC."
How often does Northrop Grumman pay dividends? What is the dividend yield for Northrop Grumman?
Northrop Grumman declared a quarterly dividend on Wednesday, February 13th. Investors of record on Monday, February 25th will be paid a dividend of $1.20 per share on Wednesday, March 13th. This represents a $4.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, February 22nd. View Northrop Grumman's Dividend History.
How will Northrop Grumman's stock buyback program work?
Northrop Grumman declared that its board has initiated a share buyback program on Tuesday, December 4th 2018, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.
How were Northrop Grumman's earnings last quarter?
Northrop Grumman Co. (NYSE:NOC) released its quarterly earnings data on Thursday, January, 31st. The aerospace company reported $4.93 EPS for the quarter, topping the consensus estimate of $4.45 by $0.48. The aerospace company earned $8.16 billion during the quarter, compared to analyst estimates of $8.11 billion. Northrop Grumman had a net margin of 9.73% and a return on equity of 41.24%. During the same quarter in the prior year, the company earned $2.82 EPS. View Northrop Grumman's Earnings History.
When is Northrop Grumman's next earnings date?
What guidance has Northrop Grumman issued on next quarter's earnings?
Northrop Grumman issued an update on its FY19 earnings guidance on Thursday, January, 31st. The company provided earnings per share (EPS) guidance of $18.50-19.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $19.61. The company issued revenue guidance of ~$34 billion, compared to the consensus revenue estimate of $34.29 billion.Northrop Grumman also updated its FY 2019 guidance to $18.50-19.00 EPS.
What price target have analysts set for NOC?
18 brokers have issued 12 month price targets for Northrop Grumman's stock. Their predictions range from $273.00 to $431.00. On average, they expect Northrop Grumman's share price to reach $335.4706 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price. View Analyst Price Targets for Northrop Grumman.
What is the consensus analysts' recommendation for Northrop Grumman?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Northrop Grumman.
What are Wall Street analysts saying about Northrop Grumman stock?
Here are some recent quotes from research analysts about Northrop Grumman stock:
- 1. According to Zacks Investment Research, "As a major U.S. defense contractor, the Northrop Grumman continues to enjoy a strong presence in Air Force, Space & Cyber Security programs. To further enhance its growth trajectory, in June 2018, Northrop Grumman completed the acquisition of rocket-maker Orbital ATK for $9.2 billion. The company expects to benefit from this buyout by expanding its rocket motors, missiles and electro-optical countermeasure product lines. Northrop Grumman also maintains a strong balance sheet and a steady cash flow position, which offer it substantial financial flexibility. However, the company derives a substantial portion of its revenues from international sales, thereby exposing it to currency fluctuation and other geo-political risks. Its shares have also underperformed the industry in the past twelve months." (2/13/2019)
- 2. Drexel Hamilton analysts commented, "Wes Bush will step down as CEO and Kathy Warden (current President and COO) will take his place on Jan 1, 2019. We see no change to the long- term growth plans for the company." (12/19/2018)
Has Northrop Grumman been receiving favorable news coverage?
News stories about NOC stock have trended somewhat positive on Thursday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Northrop Grumman earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news headlines about the aerospace company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are some of Northrop Grumman's key competitors?
What other stocks do shareholders of Northrop Grumman own?
Who are Northrop Grumman's key executives?
Northrop Grumman's management team includes the folowing people:
- Ms. Kathy J. Warden, CEO, Pres & Director (Age 47)
- Mr. Kenneth L. Bedingfield, Corp. VP & CFO (Age 46)
- Mr. Janis G. Pamiljans, Corp. VP & Pres of Aerospace Systems Sector (Age 58)
- Mr. Rajender K. Chandhok, VP of Trust Admin. and Investments (Age 69)
- Mr. Michael A. Hardesty, Corp. VP, Controller & Chief Accounting Officer (Age 47)
Who are Northrop Grumman's major shareholders?
Northrop Grumman's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.84%), FMR LLC (3.21%), Massachusetts Financial Services Co. MA (2.99%), Macquarie Group Ltd. (1.48%), Geode Capital Management LLC (1.18%) and Bank of America Corp DE (1.12%). Company insiders that own Northrop Grumman stock include Ann M Fudge, Christopher T Jones, David T Perry, Denise M Peppard, Gloria A Flach, Janis G Pamiljans, Kenneth L Bedingfield, Lesley A Kalan, Lisa R Davis, Mark A Caylor, Michael A Hardesty, Patrick M Antkowiak, Shawn N Purvis, Sheila C Cheston, Sid Ashworth, Thomas E Vice and Wesley G Bush. View Institutional Ownership Trends for Northrop Grumman.
Which major investors are selling Northrop Grumman stock?
NOC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Bank of America Corp DE, Bank of New York Mellon Corp, Voloridge Investment Management LLC, Robeco Institutional Asset Management B.V., WINTON GROUP Ltd and State of Tennessee Treasury Department. Company insiders that have sold Northrop Grumman company stock in the last year include David T Perry, Janis G Pamiljans, Kenneth L Bedingfield, Lesley A Kalan, Mark A Caylor, Michael A Hardesty, Patrick M Antkowiak, Shawn N Purvis, Sheila C Cheston and Wesley G Bush. View Insider Buying and Selling for Northrop Grumman.
Which major investors are buying Northrop Grumman stock?
NOC stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Massachusetts Financial Services Co. MA, Assenagon Asset Management S.A., California Public Employees Retirement System, Lord Abbett & CO. LLC, Macquarie Group Ltd., Mackenzie Financial Corp and Brandywine Global Investment Management LLC. View Insider Buying and Selling for Northrop Grumman.
How do I buy shares of Northrop Grumman?
Shares of NOC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Northrop Grumman's stock price today?
One share of NOC stock can currently be purchased for approximately $272.81.
How big of a company is Northrop Grumman?
Northrop Grumman has a market capitalization of $46.31 billion and generates $30.10 billion in revenue each year. The aerospace company earns $3.23 billion in net income (profit) each year or $21.33 on an earnings per share basis. Northrop Grumman employs 85,000 workers across the globe.
What is Northrop Grumman's official website?
How can I contact Northrop Grumman?
Northrop Grumman's mailing address is 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA, 22042. The aerospace company can be reached via phone at 703-280-2900 or via email at [email protected]
MarketBeat Community Rating for Northrop Grumman (NYSE NOC)
MarketBeat's community ratings are surveys of what our community members think about Northrop Grumman and other stocks. Vote "Outperform" if you believe NOC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NOC will underperform the S&P 500 over the long term. You may vote once every thirty days.
