NEW YORK (

TheStreet

) --

Northrop Grumman

(NYSE:

NOC

) hit a new 52-week high Friday as it is currently trading at $65.92, above its previous 52-week high of $65.78 with 1.5 million shares traded as of 1:35 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Northrop Grumman has a market cap of $16.07 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 11% year to date as of the close of trading on Thursday.

Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, and technical services worldwide. The company has a P/E ratio of 8.2, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Northrop Grumman as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Northrop Grumman Ratings Report

.

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