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NORTHROP GRUMMAN CORP Stock Research

NOC

455.25USD+10.81(+2.43%)Market Closed

Market Summary

USD455.25+10.81
Market Closed
2.43%

NOC Alerts

NOC Stock Price

NOC RSI Chart

NOC Valuation

Market Cap

69.7B

Price/Earnings (Trailing)

14.24

Price/Sales (Trailing)

1.9

EV/EBITDA

9.35

Price/Free Cashflow

47.56

NOC Price/Sales (Trailing)

NOC Profitability

EBT Margin

15.94%

Return on Equity

31.97%

Return on Assets

11.19%

Free Cashflow Yield

2.1%

NOC Fundamentals

NOC Revenue

Revenue (TTM)

36.6B

Revenue Y/Y

16.14%

Revenue Q/Q

11.84%

NOC Earnings

Earnings (TTM)

4.9B

Earnings Y/Y

-23.25%

Earnings Q/Q

127.32%

Price Action

52 Week Range

426.86554.43
(Low)(High)

Last 7 days

1.1%

Last 30 days

-4.6%

Last 90 days

-14.9%

Trailing 12 Months

1.2%

NOC Financial Health

Current Ratio

1.08

Debt/Equity

0.94

Debt/Cashflow

0.15

NOC Investor Care

Dividend Yield

1.48%

Dividend/Share (TTM)

6.76

Buy Backs (1Y)

2.00%

Diluted EPS (TTM)

31.47

Peers (Alternatives to NORTHROP GRUMMAN)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
124.4B
66.0B
-1.04% 6.18%
21.7
1.88
-1.58% -9.23%
117.7B
66.6B
-4.00% 4.49%
-23.86
1.77
6.94% -17.44%
69.7B
36.6B
-4.56% 1.21%
14.24
1.9
2.62% -30.11%
40.2B
5.6B
-5.01% 4.17%
43.17
7.14
15.29% 17.40%
36.8B
17.1B
-8.93% -23.71%
34.66
2.16
-4.22% -42.47%
MID-CAP
9.7B
2.3B
-4.88% 6.87%
27.48
4.38
20.68% 11.62%
8.0B
10.7B
-8.87% -0.16%
13.78
0.75
12.10% 6.43%
5.6B
2.2B
3.10% 13.20%
23.51
2.51
5.12% -22.13%
2.4B
5.0B
-10.77% -36.34%
-5.96
0.54
27.24% -0.91%
2.3B
487.1M
5.72% -9.46%
-290.18
4.67
8.46% -5840.15%
SMALL-CAP
1.6B
1.8B
1.32% 7.30%
17.55
0.87
6.02% 23.12%
677.9M
1.4B
-18.13% -61.81%
7.02
0.49
-10.88% 191.35%
637.3M
712.5M
-3.87% -2.52%
22.14
0.89
10.40% -78.76%
292.4M
492.8M
-14.20% -7.84%
-14.86
0.62
11.07% 41.98%
256.3M
53.0M
-21.01% -5.12%
32.11
4.83
-4.49% 5.85%

Financials for NORTHROP GRUMMAN

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.0%36,60235,20834,95735,30735,667
Operating Expenses3.9%33,00131,77131,32131,58131,996
  S&GA Expenses2.9%3,8733,7643,6813,6753,597
  R&D Expenses-1,100----
EBITDA-10.5%7,1788,0208,1928,314-
EBITDA Margin-13.9%0.20*0.23*0.23*0.24*-
Earnings Before Taxes-13.3%5,8366,7296,9147,0668,938
EBT Margin-16.6%0.16*0.19*0.20*0.20*-
Net Income-11.4%4,8965,5265,6745,7657,005
Net Income Margin-14.8%0.13*0.16*0.16*0.16*-
Free Cahsflow163.7%1,4665564331,691-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%43,75542,73341,91441,90342,579
  Current Assets1.5%12,48812,29811,63711,55612,426
    Cash Equivalents54.7%2,5771,6661,1692,1743,530
  Inventory-811----
  Net PPE5.7%8,8008,3258,1258,0177,894
  Goodwill0%17,51617,51617,51817,52317,515
Liabilities-1.2%28,44328,79028,26328,61629,653
  Current Liabilities7.2%11,58710,8128,9768,8509,530
    LT Debt, Current0.3%1,0721,06914.007.006.00
    LT Debt, Non Current0.0%11,80511,80312,83412,82512,777
Shareholder's Equity9.8%15,31213,94313,65113,28712,926
  Retained Earnings9.7%15,31213,95513,65513,27712,913
  Additional Paid-In CapitalNaN%-----
Accumulated Depreciation0.2%7,2587,2437,0996,9616,819
Shares Outstanding-0.6%153154155156156
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations38.7%2,9012,0921,9203,1453,567
  Share Based Compensation4.2%99.0095.0096.0094.0094.00
Cashflow From Investing11.6%-1,241-1,404-1,432-1,3872,058
Cashflow From Financing15.1%-2,613-3,077-3,260-3,101-7,002
  Dividend Payments1.9%1,0521,0321,016996983
  Buy Backs-24.5%1,5041,9922,2022,0233,705

Risks for NOC

What is the probability of a big loss on NOC?

38.1%


Probability that NORTHROP GRUMMAN stock will be more than 20% underwater in next one year

6.5%


Probability that NORTHROP GRUMMAN stock will be more than 30% underwater in next one year.

0%


Probability that NORTHROP GRUMMAN stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NOC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if NORTHROP GRUMMAN was unfortunately bought at previous high price.

Drawdowns

Returns for NOC

Cumulative Returns on NOC

22.8%


10-Year Cumulative Returns

14.7%


7-Year Cumulative Returns

7.3%


5-Year Cumulative Returns

19.2%


3-Year Cumulative Returns

What are the long-term rolling returns for NOC?

FIve years rolling returns for NORTHROP GRUMMAN.

Annualized Returns

Which funds bought or sold NOC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
2.56
980,545
6,146,540
0.17%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
3.95
11,377,900
66,623,900
0.07%
2023-03-10
MATHER GROUP, LLC.
new
-
256,209
256,209
-%
2023-03-06
Aldebaran Financial Inc.
reduced
-3.51
58,171
600,171
0.64%
2023-03-06
Rockefeller Capital Management L.P.
added
6.71
3,470,000
18,058,000
0.09%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
reduced
-32.00
-62,116
231,884
0.09%
2023-03-03
TIAA, FSB
reduced
-6.85
825,152
11,061,200
0.04%
2023-03-03
Crumly & Associates Inc.
added
15.28
144,965
575,965
0.22%
2023-03-02
RESTON WEALTH MANAGEMENT LLC
unchanged
-
61,855
446,855
0.25%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
added
200
15,279
21,279
0.01%

1–10 of 48

Latest Funds Activity

Are funds buying NOC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NOC
No. of Funds

NORTHROP GRUMMAN News

Nasdaq

Lockheed Martin (LMT) Wins $474M Deal for Trident II Missile.

Nasdaq,
93 minutes ago

Nasdaq

Northrop Grumman Newsroom

Schedule 13G FIlings of NORTHROP GRUMMAN

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital international investors
7.9%
12,116,134
SC 13G/A
Feb 10, 2023
state street corp
9.21%
14,174,865
SC 13G/A
Feb 09, 2023
vanguard group inc
7.95%
12,230,478
SC 13G/A
Feb 06, 2023
wellington management group llp
4.24%
6,526,505
SC 13G/A
Feb 01, 2023
blackrock inc.
6.3%
9,687,911
SC 13G/A
Feb 14, 2022
state street corp
9.37%
14,858,773
SC 13G/A
Feb 11, 2022
capital international investors
8.2%
12,955,596
SC 13G/A
Feb 04, 2022
wellington management group llp
5.48%
8,692,455
SC 13G/A
Feb 03, 2022
blackrock inc.
5.4%
8,631,520
SC 13G/A
Feb 24, 2021
state street corp
9.66%
16,098,467
SC 13G/A

NOC Fair Value

NORTHROP GRUMMAN fair value in different scenarios

The table shows the Fair Value estimates for NORTHROP GRUMMAN for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

319.05

-29.92%

476.93

4.76%

663.18

45.67%

969.86

113.04%

1167.47

156.45%
Current Inflation

296.34

-34.91%

432.84

-4.92%

589.37

29.46%

844.69

85.54%

1008.41

121.51%
Very High Inflation

268.00

-41.13%

379.46

-16.65%

502.30

10.33%

700.48

53.87%

826.79

81.61%

Historical NORTHROP GRUMMAN Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of NORTHROP GRUMMAN

View All Filings
Date Filed Form Type Document
Mar 16, 2023
3
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
PRE 14A
PRE 14A
Mar 15, 2023
3
Insider Trading
Mar 15, 2023
3/A
Insider Trading
Mar 15, 2023
8-K
Current Report
Mar 13, 2023
S-3ASR
S-3ASR
Mar 08, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading

Latest Insider Trading transactions for NOC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
WINSTON MARY A
acquired
30,974
448
69.00
-
2023-03-15
Ross Kimberly A.
acquired
30,974
448
69.00
-
2023-03-06
Perry David T
sold
-1,878,190
469
-3,999
cvp chief global bus off
2023-03-03
Caylor Mark A
sold
-1,313,910
467
-2,810
cvp & pres, mission systems
2023-03-02
Ryan Lucy C
sold
-254,562
460
-553
corp vp, communications
2023-02-28
Hardesty Michael A
sold
-336,400
470
-715
corp vp, controller & cao
2023-02-21
CHESTON SHEILA C.
sold
-391,219
474
-824
corp. vp & general counsel
2023-02-21
Jones Thomas H
sold
-345,737
474
-728
cvp & pres aeronautics systems
2023-02-21
Hardesty Michael A
sold
-99,229
474
-209
corp vp, controller & cao
2023-02-17
Jones Thomas H
sold
-204,794
465
-440
cvp & pres aeronautics systems

1–10 of 50

Kathy J. Warden
65535
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.

NOC Income Statement

2022-12-31
Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues$ 36,602$ 35,667$ 36,799
Operating income3,6015,6514,065
Operating costs and expenses   
General and administrative expenses3,8733,5973,413
Total operating costs and expenses33,00131,99632,734
Gain on sale of business01,9800
Operating income3,6015,6514,065
Other (expense) income   
Interest expense(506)(556)(593)
Non-operating FAS pension benefit1,5051,4691,198
Mark-to-market pension and OPB benefit (expense)1,2322,355(1,034)
Other, net41992
Earnings before income taxes5,8368,9383,728
Federal and foreign income tax expense9401,933539
Net earnings$ 4,896$ 7,005$ 3,189
Basic earnings per share   
Basic earnings per share$ 31.61$ 43.70$ 19.08
Weighted-average common shares outstanding, in millions154.9160.3167.1
Diluted earnings per share   
Diluted earnings per share$ 31.47$ 43.54$ 19.03
Weighted-average diluted shares outstanding, in millions155.6160.9167.6
Net earnings (from above)$ 4,896$ 7,005$ 3,189
Other comprehensive loss, net of tax   
Change in unamortized prior service credit(1)(8)(41)
Change in cumulative translation adjustment and other, net(9)(7)10
Other comprehensive loss, net of tax(10)(15)(31)
Comprehensive income4,8866,9903,158
Product [Member]   
Cost of Goods and Services Sold22,76122,30921,559
Revenues28,52227,86827,015
Service [Member]   
Cost of Goods and Services Sold6,3676,0907,762
Revenues$ 8,080$ 7,799$ 9,784

NOC Balance Sheet

2022-12-31
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and cash equivalents$ 2,577$ 3,530
Accounts receivable, net1,5111,467
Unbilled receivables, net5,9835,492
Inventoried costs, net978811
Prepaid expenses and other current assets1,4391,126
Total current assets12,48812,426
Property, plant and equipment, net of accumulated depreciation of $7,258 for 2022 and $6,819 for 20218,8007,894
Operating lease right-of-use assets1,8111,655
Goodwill17,51617,515
Intangible assets, net384578
Deferred tax assets162200
Other non-current assets2,5942,311
Total assets43,75542,579
Liabilities  
Trade accounts payable2,5872,197
Accrued employee compensation2,0571,993
Advance payments and billings in excess of costs incurred3,6093,026
Other current liabilities3,3342,314
Total current liabilities11,5879,530
Long-term debt, net of current portion of $1,072 for 2022 and $6 for 202111,80512,777
Pension and other postretirement benefit plan liabilities1,1883,269
Operating lease liabilities1,8241,590
Deferred tax liabilities132490
Other non-current liabilities1,9071,997
Total liabilities28,44329,653
Commitments and contingencies (Note 12)
Shareholders’ equity  
Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding00
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2022—153,157,924 and 2021—156,284,423153156
Paid-in capital00
Retained earnings15,31212,913
Accumulated other comprehensive loss(153)(143)
Total shareholders’ equity15,31212,926
Total liabilities and shareholders’ equity$ 43,755$ 42,579