Northrop Grumman
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. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.
Employees: 101,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 14 (+7) [Q2]
23% more call options, than puts
Call options by funds: $771M | Put options by funds: $629M
0% less repeat investments, than reductions
Existing positions increased: 539 | Existing positions reduced: 540
0% less funds holding
Funds holding: 1,488 [Q1] → 1,483 (-5) [Q2]
4% less first-time investments, than exits
New positions opened: 126 | Existing positions closed: 131
5.59% less ownership
Funds ownership: 86.9% [Q1] → 81.31% (-5.59%) [Q2]
15% less capital invested
Capital invested by funds: $61.5B [Q1] → $52.4B (-$9.06B) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
JP Morgan Seth Seifman 79% 1-year accuracy 22 / 28 met price target | 6%upside $560 | Neutral Maintained | 14 Oct 2024 |
Citigroup Jason Gursky 86% 1-year accuracy 18 / 21 met price target | 11%upside $587 | Neutral Maintained | 10 Oct 2024 |
Seaport Global Richard Safran 100% 1-year accuracy 1 / 1 met price target | 13%upside $599 | Buy Maintained | 3 Sept 2024 |
Alembic Global Peter Skibitski 100% 1-year accuracy 1 / 1 met price target | 6%upside $560 | Neutral Downgraded | 27 Aug 2024 |
Morgan Stanley Kristine Liwag 90% 1-year accuracy 18 / 20 met price target | 12%upside $592 | Overweight Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 30 articles about NOC published over the past 30 days