Northrop Grumman (NOC)

• Market cap: $64.8B
• 1 day: 2.25%
• 5 days: -1.27%
• 1 month: -11.20%
• 3 months: -9.76%
• 6 months: -11.62%
• Year to date: -4.28%
• 1 year: -2.62%
• 5 years: 22.73%
• 10 years: 162.70%
• Sector: Industrials
• Industry: Search, Detection, Navigation, Guidance, Aeronautical Systems

About: Northrop Grumman Corp is a diversified company which is aligned in four operating sectors, which also comprise our reportable segments namely Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The aerospace segment designs and builds military aircraft, including the F-35, Global Hawk drones, and the B-21 bomber. Defense systems develops artillery, missile systems, and missile defense technologies. Mission systems focuses on radar, navigation, and communication systems, while space systems manufactures satellites, sensors, and rocket motors.

Employees: 97,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

41% more first-time investments, than exits

New positions opened: 172 | Existing positions closed: 122

17% more repeat investments, than reductions

Existing positions increased: 584 | Existing positions reduced: 499

1% less call options, than puts

Call options by funds: $587M | Put options by funds: $593M

1% less funds holding

Funds holding: 1,559 [Q3] → 1,539 (-20) [Q4]

2.46% less ownership

Funds ownership: 83.94% [Q3] → 81.48% (-2.46%) [Q4]

14% less capital invested

Capital invested by funds: $65B [Q3] → $56.1B (-$8.96B) [Q4]

42% less funds holding in top 10

Funds holding in top 10: 12 [Q3] → 7 (-5) [Q4]

Research analyst outlook

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

• Low target: $500 12% upside
• Avg. target: $554 24% upside
• High target: $591 32% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Citigroup Jason Gursky 36% 1-year accuracy 14 / 39 met price target	32% upside $591	Buy Maintained	10 Feb 2025
UBS Gavin Parsons 59% 1-year accuracy 10 / 17 met price target	25% upside $558	Buy Maintained	31 Jan 2025
Wells Fargo Matthew Akers 34% 1-year accuracy 20 / 58 met price target	28% upside $574	Overweight Maintained	31 Jan 2025
Truist Securities Michael Ciarmoli 68% 1-year accuracy 42 / 62 met price target	21% upside $544	Buy Initiated	14 Jan 2025
Susquehanna Charles Minervino 38% 1-year accuracy 26 / 69 met price target	24% upside $557	Positive Maintained	8 Jan 2025