Northrop Grumman (NOC)

• Market cap: $70.3B
• 1 day: 0.25%
• 5 days: 5.16%
• 1 month: 0.44%
• 3 months: -8.63%
• 6 months: 9.59%
• Year to date: 3.07%
• 1 year: 1.79%
• 5 years: 26.95%
• 10 years: 213.78%
• 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)

106% more first-time investments, than exits

New positions opened: 173 | Existing positions closed: 84

15% more capital invested

Capital invested by funds: $56.7B [Q2] → $65B (+$8.34B) [Q3]

5% more funds holding

Funds holding: 1,488 [Q2] → 1,556 (+68) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 520 | Existing positions reduced: 567

4.03% less ownership

Funds ownership: 87.97% [Q2] → 83.94% (-4.03%) [Q3]

8% less funds holding in top 10

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

18% less call options, than puts

Call options by funds: $751M | Put options by funds: $913M

Research analyst outlook

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

• Low target: $500 4% upside
• Avg. target: $548 14% upside
• High target: $643 33% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Truist Securities Michael Ciarmoli 78% 1-year accuracy 47 / 60 met price target	13% upside $544	Buy Initiated	14 Jan 2025
Susquehanna Charles Minervino 39% 1-year accuracy 28 / 71 met price target	15% upside $557	Positive Maintained	8 Jan 2025
Barclays David Strauss 61% 1-year accuracy 17 / 28 met price target	4% upside $500	Equal-Weight Maintained	6 Jan 2025
Wells Fargo Matthew Akers 51% 1-year accuracy 26 / 51 met price target	5% upside $505	Equal-Weight Maintained	11 Dec 2024
UBS Gavin Parsons 44% 1-year accuracy 8 / 18 met price target	33% upside $643	Buy Maintained	25 Oct 2024