If earnings were flat, it would still earn $8/share over the next twelve months, buy back shares outstanding, and continue paying its dividend with the earnings or the cash it's sitting on. Additional orders will only increase future earnings. That's where the catalyst for Northrop Grumman comes in.
Full Answer
Who owns Northrop Grumman stock?
Northrop Grumman's stock is owned by many different retail and institutional investors.
Who sold NOC stock in the last quarter?
NOC stock was sold by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., Russell Investments Group Ltd., Moody National Bank Trust Division, Retirement Systems of Alabama, Huntington National Bank, Private Trust Co. NA, Clear Street Markets LLC, and Carnegie Capital Asset Management LLC.
What are analysts'target price targets for Northrop Grumman's stock?
9 analysts have issued twelve-month price objectives for Northrop Grumman's stock. Their forecasts range from $337.00 to $470.00. On average, they anticipate Northrop Grumman's stock price to reach $397.80 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price.
What does Northrop Grumman do for a living?
Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.
Why would a company buy back it's stock?
The main reason companies buy back their own stock is to create value for their shareholders. In this case, value means a rising share price. Here's how it works: Whenever there's demand for a company's shares, the price of the stock rises.
Is Northrop Grumman a good stock to buy?
Northrop Grumman has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.
What's wrong with stock buybacks?
When done with borrowing, share buybacks can hurt credit ratings, since they drain cash reserves that can serve as a cushion if times get tough. One of the reasons given for taking on increased debt to fund a share buyback is that it is more efficient because interest on the debt is tax deductible, unlike dividends.
Who is Northrop Grumman owned by?
1997: Northrop Grumman agrees to be acquired by Lockheed Martin for $11.6 billion; Logicon, a leading provider of defense information technology and battlefield management systems, is acquired.
Will Northrop Grumman stock split?
Northrop Grumman (NOC) has 3 splits in our Northrop Grumman stock split history database. The first split for NOC took place on September 11, 1984....NOC Split History TableDateRatio09/11/19843 for 106/22/20042 for 103/31/201110000 for 9035
Will GD stock recover?
On average, Wall Street analysts predict that GENERAL DYNAMICS's share price could reach $238.17 by Apr 28, 2023. The average GENERAL DYNAMICS stock price prediction forecasts a potential upside of 9.98% from the current GD share price of $216.55.
Is it good for a company to buyback stock?
With a buyback, the company can increase earnings per share, all else equal. The same earnings pie cut into fewer slices is worth a greater share of the earnings. By reducing share count, buybacks increase the stock's potential upside for shareholders who want to remain owners.
What happens to shares after buyback?
In a buyback, a company buys its own shares directly from the market or offers its shareholders the option of tendering their shares directly to the company at a fixed price. A share buyback reduces the number of outstanding shares, which increases both the demand for the shares and the price.
How do stock buybacks benefit shareholders?
A buyback benefits shareholders by increasing the percentage of ownership held by each investor by reducing the total number of outstanding shares. In the case of a buyback the company is concentrating its shareholder value rather than diluting it.
Is Northrop Grumman a Fortune 500 company?
Overall, sales jumped 9% year on year, enabling Northrop Grumman to leap 42 spots in the Global 500 rankings. In January 2021, the company's board authorized a new plan to buy back $3 billion in shares.
Who owns Raytheon?
Raytheon TechnologiesRaytheon Company / Parent organizationRaytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Waltham, Massachusetts. It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. Wikipedia
Who are Northrop competitors?
Northrop Grumman competes with many companies in the defense, intelligence and federal civil markets. BAE Systems, Boeing, Booz Allen Hamilton, General Dynamics, L3Harris Technologies, Leidos, Leonardo, Lockheed Martin, Raytheon and Thales are some of the company's primary competitors.
Should I buy or sell Northrop Grumman stock right now?
10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last twelve months. There are c...
What is Northrop Grumman's stock price forecast for 2022?
10 Wall Street analysts have issued twelve-month price targets for Northrop Grumman's shares. Their forecasts range from $350.00 to $521.00. On ave...
How has Northrop Grumman's stock price performed in 2022?
Northrop Grumman's stock was trading at $387.07 at the start of the year. Since then, NOC stock has increased by 19.8% and is now trading at $463.8...
Are investors shorting Northrop Grumman?
Northrop Grumman saw a increase in short interest in May. As of May 31st, there was short interest totaling 2,070,000 shares, an increase of 37.1%...
When is Northrop Grumman's next earnings date?
Northrop Grumman is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Nor...
How were Northrop Grumman's earnings last quarter?
Northrop Grumman Co. (NYSE:NOC) announced its quarterly earnings data on Thursday, April, 28th. The aerospace company reported $6.10 EPS for the qu...
How often does Northrop Grumman pay dividends? What is the dividend yield for Northrop Grumman?
Northrop Grumman declared a quarterly dividend on Tuesday, May 17th. Shareholders of record on Tuesday, May 31st will be given a dividend of $1.73...
Is Northrop Grumman a good dividend stock?
Northrop Grumman(NYSE:NOC) pays an annual dividend of $6.92 per share and currently has a dividend yield of 1.49%. Northrop Grumman has been increa...
What guidance has Northrop Grumman issued on next quarter's earnings?
Northrop Grumman issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $24.50-$25.10 for the...
How much does Northrop Grumman pay dividends?
Northrop Grumman pays an annual dividend of $6.28 per share and currently has a dividend yield of 1.74%. Northrop Grumman has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Northrop Grumman is 26.55%.
What is the dividend payout ratio for Northrop Grumman?
Based on earnings estimates, Northrop Grumman will have a dividend payout ratio of 24.62% next year. This indicates that Northrop Grumman will be able to sustain or increase its dividend. View Northrop Grumman's dividend history.
When is Northrop Grumman's earnings call?
Northrop Grumman will be holding an earnings conference call on Thursday, July 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
Referenced Symbols
Shares of Northrop Grumman Corp.
About the Author
Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
