Northrop Grumman Corporation (NOC): Is It A Buy?

Even after this week’s pop, however, Northrup’s stock boasts a mouthwatering trailing P/E of just 9.6. Of course, keep in mind lower expected future earnings give it a forward P/E of 10.2, but long-term shareholders also stand to benefit from Northrup’s massive stock repurchase plan and a solid 2.1% dividend.

In the end, Northrop’s decent first-quarter performance was more than enough to convince me this industry stalwart has was it takes to survive and thrive over the long haul. Patient investors who buy at today’s levels, then, stand to reap huge rewards down the road.

More expert advice from The Motley Fool
If you’re looking for something a little less dependent on defense spending, however, you might consider industrial conglomerate General Electric Company (NYSE:GE).

The article Northrop Jets Past Earnings Estimates: Is the Stock a Buy? originally appeared on Fool.com.

Fool contributor Steve Symington owns shares of Textron. The Motley Fool owns shares of General Electric, Lockheed Martin, Northrop Grumman, Raytheon, and Textron.

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