Northrop Grumman Corp (NOC): Today's Featured Industrial Goods Winner

Northrop Grumman ( NOC) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.4%. By the end of trading, Northrop Grumman rose $1.37 (1.6%) to $86.90 on average volume. Throughout the day, 1,706,567 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1,593,300 shares. The stock ranged in a price between $85.50-$87.19 after having opened the day at $85.53 as compared to the previous trading day's close of $85.53. Other companies within the Industrial Goods sector that increased today were: Innovative Solutions and Support ( ISSC), up 10.4%, Chase Corporation ( CCF), up 9.1%, Enpro Industries ( NPO), up 7.2% and Homex Development ( HXM), up 7.0%.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $20.0 billion and is part of the aerospace/defense industry. Shares are up 25.9% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Northrop Grumman a buy, 2 analysts rate it a sell, and 11 rate it a hold.

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.

On the negative front, China Recycling Energy Corporation ( CREG), down 8.9%, Texas Industries ( TXI), down 8.1%, Zoltek Companies ( ZOLT), down 5.4% and Real Goods Solar ( RSOL), down 4.9% , were all laggards within the industrial goods sector with KB Home ( KBH) being today's industrial goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

GM, Teva, Facebook and Other New Jana Partners Positions

GM, Teva, Facebook and Other New Jana Partners Positions

How I'm Playing Infrastructure, Oil and Defense Stocks Right Now

How I'm Playing Infrastructure, Oil and Defense Stocks Right Now

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

These Defense Stocks Are the Winners of Trump's New Defense Strategy

These Defense Stocks Are the Winners of Trump's New Defense Strategy

Northrop, Raytheon, Defense Stocks Rally on U.S. Budget Deal

Northrop, Raytheon, Defense Stocks Rally on U.S. Budget Deal