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NOC - Northrop Grumman Is Buying Its Shares. Should You?
Northrop Grumman Corporation
2024-02-10 08:08:00 ET
Northrop Grumman (NYSE: NOC) likes its stock. I mean, really likes it.
In December last year, the defense major's board of directors roughly tripled the amount of Northrop Grumman stock that the company was authorized to buy back, to $3.8 billion. Then, just last week, the company further announced that it will "accelerate" that buyback plan by buying a $1 billion slug of its shares all at one go.
Inquiring investors want to know: What's the hurry? Why the sudden inspiration to buy so many shares, and all at once?