Should You Be Holding Northrop Grumman Corporation (NYSE:NOC)?
Northrop Grumman Corporation (NYSE:NOC) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of NOC, it is a highly-regarded dividend-paying company with a a strong track record of delivering benchmark-beating performance. Below, I’ve touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, read the full report on Northrop Grumman here.
Established dividend payer with proven track record
In the previous year, NOC has ramped up its bottom line by 15%, with its latest earnings level surpassing its average level over the last five years. This illustrates a strong track record, leading to a satisfying return on equity of 30%. which is an optimistic signal for the future.
NOC is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
Next Steps:
For Northrop Grumman, I’ve put together three essential factors you should further research:
Future Outlook: What are well-informed industry analysts predicting for NOC’s future growth? Take a look at our free research report of analyst consensus for NOC’s outlook.
Financial Health: Are NOC’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NOC? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
