NOC Stock Summary and Trading Ideas (Northrop Grumman | NYSE:NOC)

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Northrop Grumman trades on the NYSE stock market under the symbol NOC.

As of April 24, 2024, NOC stock price declined to $474.57 with 1,063,354 million shares trading.

NOC has a beta of 0.27, meaning it tends to be less sensitive to market movements. NOC has a correlation of 0.02 to the broad based SPY ETF.

NOC has a market cap of $71.24 billion. This is considered a Large Cap stock.

Last quarter Northrop Grumman reported $11 billion in Revenue and $6.27 earnings per share. This beat revenue expectation by $198 million and exceeded earnings estimates by $.47.

In the last 3 years, NOC stock traded as high as $556.27 and as low as $336.03.

The top ETF exchange traded funds that NOC belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

NOC has underperformed the market in the last year with a return of +2.1%, while the SPY ETF gained +24.2%. In the last 3 month period, NOC fell short of the market, returning +1.8%, while SPY returned +4.6%. However, in the most recent 2 weeks NOC has outperformed the stock market by returning +4.4%, while SPY returned -2.7%.

NOC support price is $468.62 and resistance is $480.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOC stock will trade within this expected range on the day.