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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Northrop Grumman ( NOC) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Northrop Grumman fell $0.99 (-1.0%) to $95.26 on average volume. Throughout the day, 1,156,721 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1,459,300 shares. The stock ranged in price between $95.15-$95.76 after having opened the day at $95.45 as compared to the previous trading day's close of $96.25. Other companies within the Industrial Goods sector that declined today were: Ecotality ( ECTY), down 39.5%, Hydrogenics Corporation ( HYGS), down 5.6%, ExOne ( XONE), down 5.5% and IntriCon Corporation ( IIN), down 5.3%.

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 $22.1 billion and is part of the aerospace/defense industry. Shares are up 42.0% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Northrop Grumman a buy, no analysts rate it a sell, and 13 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, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, China Valves Technology ( CVVT), up 34.0%, China Ming Yang Wind Power Group ( MY), up 11.2%, GreenHunter Resources ( GRH), up 10.3% and Real Goods Solar ( RSOL), up 9.0%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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