Skip to Content

Northrop Grumman Corp NOC Stock Quote

| Rating as of

NYSE: NOC

Morningstar‘s Stock Analysis NOC

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Northrop Grumman Has a Long Line of Revenue Visibility

David Whiston Sector Strategist

Business Strategy and Outlook

| David Whiston |

We view Northrop Grumman as a prime contractor that has exposure to younger development programs and one that has a greater focus on producing hardware for classified programs. The defense budget allocation is a political process, which is inherently difficult to predict, so we favor companies with tangible growth profiles through a steady stream of contract wins, ideally to contracts that are fulfilled over decades. And many programs are indeed procured and sustained over decades; for instance, the Ground Based Strategic Deterrent, for which Northrop was the only bidder, is intended to be deployed around 2029. Regulated margins, mature markets, customer-paid research and development, and long-term revenue visibility allow the defense primes to deliver a lot of cash to shareholders, which we view positively because we don’t see substantial growth in this industry.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics NOC

Company Profile NOC

Business Description

Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm’s segments include aeronautics, mission systems, defense services, and space systems. The company’s aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a long-range missile manufacturer. Finally, the company’s space systems segment produces various space structures, sensors, and satellites.

Contact
2980 Fairview Park Drive
Falls Church, VA, 22042
Industry Aerospace & Defense
Employees 88,000

Related Articles NOC

FAQs for Northrop Grumman Corp Stock

Yes. NOC has a forward dividend yield of 1.28%. See NOC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

NOC’s market cap is 81.41 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

NOC’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

NOC’s price/sales is 2.40.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

NOC’s price/forward earnings is 22.47.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

NOC’s price/book is 5.97.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See NOC’s valuation ratios compared to the Market Index.

NOC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare NOC’s historical performance against its industry peers and the overall market.