Northrop Grumman (NOC)

• Market cap: $69B
• 1 day: 0.49%
• 5 days: 1.52%
• 1 month: -3.08%
• 3 months: -9.71%
• 6 months: 9.71%
• Year to date: 0.70%
• 1 year: 1.91%
• 5 years: 36.05%
• 10 years: 212.37%
• Sector: Industrials
• Industry: Search, Detection, Navigation, Guidance, Aeronautical Systems

About: Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and maintains and upgrades numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Employees: 101,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

64% more first-time investments, than exits

New positions opened: 172 | Existing positions closed: 105

15% more capital invested

Capital invested by funds: $54.7B [Q2] → $62.9B (+$8.15B) [Q3]

5% more funds holding

Funds holding: 1,488 [Q2] → 1,555 (+67) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 520 | Existing positions reduced: 567

3.78% less ownership

Funds ownership: 84.95% [Q2] → 81.16% (-3.78%) [Q3]

8% less funds holding in top 10

Funds holding in top 10: 13 [Q2] → 12 (-1) [Q3]

16% less call options, than puts

Call options by funds: $751M | Put options by funds: $897M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $505 7% upside
• Avg. target: $573 21% upside
• High target: $643 36% upside

7 analyst ratings

• positive: 2 29%
• neutral: 5 71%
• negative: 0 0%

Wells Fargo Matthew Akers 28% 1-year accuracy 13 / 46 met price target	7% upside $505	Equal-Weight Maintained	11 Dec 2024
Barclays David Strauss 44% 1-year accuracy 12 / 27 met price target	16% upside $550	Equal-Weight Maintained	29 Oct 2024
UBS Gavin Parsons 56% 1-year accuracy 10 / 18 met price target	36% upside $643	Buy Maintained	25 Oct 2024
RBC Capital Ken Herbert 45% 1-year accuracy 31 / 69 met price target	14% upside $540	Sector Perform Maintained	25 Oct 2024
Susquehanna Charles Minervino 26% 1-year accuracy 17 / 66 met price target	32% upside $625	Positive Maintained	25 Oct 2024