Northrop Grumman hits peak decade high P/E multiples.
The company continues to reduce stock buyback levels despite approvals for spending another $4 billion.
The warning signs are starting to stack up against the stock rallying further this year.
After again raising full-year guidance, Northrop Grumman (NYSE:NOC)continues to show signs of peaking. One has to wonder if the massive gains of the last few years haven't built in irrational expectations for the next couple of years.