How to Buy Northrop Grumman Stock
Northrop Grumman Corp
Northrop Grumman is a defense company located in Virginia, United States, which is part of the Industrials sector, and is traded under the ticker NOC on the NYSE exchange.
Northrop Grumman stock last closed at $473.65, down 1.23% from the previous day, and has decreased 1.38% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 0.27 percentage points. Northrop Grumman stock is currently +13.15% from its 52-week low of $418.60, and -14.74% from its 52-week high of $555.57.
As of Dec 6, 2024, there are 145.7M NOC shares outstanding. The market cap of NOC is $69.01B. In the last 24 hours, 915,278 NOC shares were traded.
How to Buy Northrop Grumman Stock
Wondering how to invest in Northrop Grumman stock? Here's how.
- Figure out where to buy Northrop Grumman stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Northrop Grumman stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Evaluate Northrop Grumman stock: The Northrop Grumman ticker symbol is NOC. Is Northrop Grumman stock a good investment? Should you buy shares of NOC? How do NOC's underlying business fundamentals look? Do top analysts think Northrop Grumman is a good buy? Why has NOC's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if NOC is a good stock to buy).
- Place your NOC buy order: Decide if you will purchase NOC shares at the current market price or use a limit order to buy NOC shares at a given price.
- Get key alerts regarding your investment in NOC: Create a watchlist to get live updates on your position in Northrop Grumman shares.
Step 1: Figure out where to buy Northrop Grumman stock
You will need a brokerage account to access the NYSE market and buy NOC stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you are able to buy NOC today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Check out the tutorial below for more details transferring money into your new investment account.
Step 4: Evaluate Northrop Grumman stock
Once you have selected the best place to buy Northrop Grumman stock, it's crucial to research their stock before you invest, so you truly understand the risk and upside.
Northrop Grumman quick stats
NOC Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on NOC's stock page.
Is NOC stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NOC's intrinsic value.
Using relative valuations metrics:
- NOC may be undervalued based on its P/E ratio of 29.18x, relative to Aerospace & Defense industry P/E ratio of 35.87x
- NOC may be undervalued based on its P/B ratio of 4.68x, relative to Aerospace & Defense industry P/B ratio of 6.4x
- NOC may be overvalued based on its PEG ratio of 1.05x
You can do more valuation analysis on NOC's stock here.
NOC Financial Summary
Signs that NOC is financially healthy:
- NOC earnings of $3.30B is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the NOC balance sheet.
- Total NOC debt is lower than 5 years ago, relative to shareholder equity.
- NOC's operating cash flow of $4.24B allows it to safely service it's debt of $16.51B.
Signs that NOC is not financially healthy:
- NOC has a relatively high debt to equity ratio of 2.27.
- There are more long-term liabilities than short-term assets on the NOC balance sheet.
- NOC profit margin has gone down from 12.1% to 5.8% in the past year.
Do analysts think it's a good time to buy Northrop Grumman stock
Out of 14 sell side analysts who monitor NOC, the consensus analyst rating on NOC is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent NOC Analyst Recommendations
Seth Seifman, a top 15% analyst from JP Morgan maintains NOC with a hold rating and raises their NOC price target from $500.00 to $560.00, on Oct 14, 2024.
Jason Gursky, a top 7% analyst from Citigroup maintains NOC with a hold rating and raises their NOC price target from $521.00 to $587.00, on Oct 10, 2024.
Citigroup's Jason Gursky raised their price target on Northrop Grumman (NYSE: NOC) by 12.7% from $521 to $587 on 2024/10/11. The analyst maintained their Hold rating on the stock.
Gursky's price target hike was delivered in a Q3 2024 preview of names in their Aerospace & Defense sector coverage area.
The analyst predicted favorable feedback from commercial aftermarket suppliers as airlines seek to extend flight durations of older aircraft in light of Boeing Co. and Airbus manufacturing challenges and the grounding of hundreds of Airbus aircraft.
On the Defense side, Kaplowitz predicted that suppliers will provide a positive perspective on demand in light of increasing European budgets and supplemental spending legislation in the U.S.
Richard Safran, a top 50% analyst from Seaport Global maintains NOC with a buy rating and raises their NOC price target from $530.00 to $599.00, on Sep 3, 2024.
Peter Skibitski, a top 29% analyst from Alembic Global downgrades NOC to a hold rating and announces their NOC price target of $560.00, on Aug 27, 2024.
Kristine Liwag, a top 8% analyst from Morgan Stanley maintains NOC with a strong buy rating and raises their NOC price target from $579.00 to $592.00, on Aug 9, 2024.
You can dive deeper into what analysts are forecasting on the Northrop Grumman stock forecast page.
NOC Momentum
NOC Revenue
Last year, NOC earnings were $2.38B. During the past 5 year, NOC's earnings have grown by -1.81% per year. This was slower than the Aerospace & Defense industry average of 5.79%.
Last year, NOC revenue was $40.99B. In the last 5 year, NOC's revenue has gone up by 4.26% per year. This was slower than the Aerospace & Defense industry average of 13.63%.
You can research NOC's earnings and revenue performance here.
Latest Insiders Trades at NOC
Over the last year, insiders at NOC have sold more shares than they have bought.
Mark A. Welsh Iii, Director of NOC, was the latest NOC insider to sell. They sold $1,450.86 worth of NOC shares on Dec 5, 2024.
Get more info about who owns NOC stock here.
Does NOC stock generate passive income?
Northrop Grumman pays a dividend of 1.7%, compared to the Aerospace & Defense industry's average dividend yield of 1.73%. If you owned $1,000 of NOC stock, you would have received $17.00 last year.
Northrop Grumman dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Northrop Grumman dividend yield and history here.
What do other investors have to say about NOC?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your NOC buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open button and eToro will execute the order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in NOC
Now that you own some NOC shares, you'll want to stay up-to-date on your company.
Add NOC to a watchlist to get the latest updates about your NOC stock.
NOC Feed
How to Buy Stock in Northrop Grumman
To summarize, here are the 6 steps for buying Northrop Grumman stock:
- Figure out where to buy Northrop Grumman stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Evaluate Northrop Grumman stock
- Place your NOC buy order
- Get key alerts regarding your investment in NOC
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Northrop Grumman, add NOC to your watchlist by clicking the button below.
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