Momentum Stock Watch: Northrop Grumman Corp (NOC)

Company Profile:

Northrop Grumman Corporation operates as a security company. It provides various systems, products, and solutions in autonomous systems, cyber, space, strike, and logistics and modernization, as well as in command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR) to customers in the United States and internationally. The company was founded in 1939 and is based in Falls Church, Virginia.

Recent News:

The company’s NOC business unit, Northrop Grumman Systems recently secured a contract to conduct development, modernization, retrofit and sustainment activities for the Global Hawk program. The deal has been awarded by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH. Valued at $4.8 billion, the contract is expected to get completed by Sep 30, 2030.

On Nov. 18, 2020, the board of directors declared a quarterly dividend of $1.45 per share on Northrop Grumman common stock, payable Dec. 16, 2020, to shareholders of record as of the close of business Nov. 30, 2020.

The company reported third-quarter 2020 earnings of $5.89 per share, total sales of $9,083 million, grew 7% from the year-ago quarter’s $8,475 million. The company raised its 2020 financial guidance and expects to generate revenues of $35.7-$36 billion.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

NOC’s strengths can be seen in its strong growth and better profitability compared with its peers. Its revenue has increased over recent years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 49.97 with positive bias. We rate Northrop Grumman Corp (NOC) a STRONG BUY.

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