Northrop Grumman (NOC)

• Market cap: $68.1B
• 1 day: 2.19%
• 5 days: -12.37%
• 1 month: -6.60%
• 3 months: -5.97%
• 6 months: -8.89%
• Year to date: 1.11%
• 1 year: -3.04%
• 5 years: 37.23%
• 10 years: 195.51%
• Sector: Industrials
• Industry: Aerospace & Defense

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, produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, and maintains and upgrades numerous military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. 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 rocket motors.

Employees: 97,000

Fund manager confidence

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

56% more first-time investments, than exits

New positions opened: 194 | Existing positions closed: 124

19% more repeat investments, than reductions

Existing positions increased: 604 | Existing positions reduced: 509

2% more funds holding

Funds holding: 1,561 [Q3] → 1,598 (+37) [Q4]

0.65% more ownership

Funds ownership: 81.01% [Q3] → 81.66% (+0.65%) [Q4]

1% less call options, than puts

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

10% less capital invested

Capital invested by funds: $62.6B [Q3] → $56.2B (-$6.38B) [Q4]

42% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $521 10% upside
• Avg. target: $559 18% upside
• High target: $625 32% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Wells Fargo Matthew Akers 54% 1-year accuracy 44 / 81 met price target	11% upside $525	Overweight Maintained	24 Apr 2025
RBC Capital Ken Herbert 50% 1-year accuracy 34 / 68 met price target	16% upside $550	Outperform Maintained	23 Apr 2025
Truist Securities Michael Ciarmoli 55% 1-year accuracy 43 / 78 met price target	16% upside $550	Buy Maintained	23 Apr 2025
Susquehanna Charles Minervino 35% 1-year accuracy 24 / 69 met price target	14% upside $540	Positive Maintained	23 Apr 2025
UBS Gavin Parsons 43% 1-year accuracy 10 / 23 met price target	21% upside $571	Buy Maintained	23 Apr 2025