Northrop Grumman Stock Hits New 52-Week High (NOC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Northrop Grumman (NYSE: NOC) hit a new 52-week high Wednesday as it is currently trading at $75.87, above its previous 52-week high of $75.78 with 386,148 shares traded as of 10:40 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Northrop Grumman has a market cap of $17.63 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 12.1% year to date as of the close of trading on Tuesday.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company has a P/E ratio of 9.5, 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and notable return on equity. 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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