What's Going On With Northrop Grumman Stock

What's Going On With Northrop Grumman Stock

Northrop Grumman Corporation NOC shares are trading higher by 6.69% to $506.86 Tuesday afternoon in sympathy with Lockheed Martin Corp LMT, which reported better-than-expected third-quarter EPS results.

What Happened?

Lockheed Martin reported a third-quarter FY22 net sales growth of 3.5% year-over-year to $16.58 billion, slightly missing the consensus of $16.64 billion. Adjusted EPS declined to $6.71, beating the consensus of $6.68.

Lockheed Martin announced an additional $14 billion share repurchase. The company also increased the quarterly dividend rate by 7% to $3.00 per share...Read More

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According to data from Benzinga Pro, Northrop Grumman has a 52-week high of $515.49 and a 52-week low of $345.90.

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