Northrop Grumman Corporation (NYSE:NOC) traded at a new 52-week high today of $494.49. This new high was reached on below average trading volume as 178,000 shares traded hands, while the average 30-day volume is approximately 718,000 shares.
In the past 52 weeks, shares of Northrop Grumman Corporation have traded between a low of $344.89 and a high of $494.49 and is now at $493.24, which is 43% above that low price.
Northrop Grumman Corporation (NYSE:NOC) has potential upside of 19.9% based on a current price of $493.24 and analysts’ consensus price target of $591.19.
Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm’s segments include aeronautics, mission systems, defense services, and space systems. The company’s aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a mix between a long-range missile manufacturer and a defense IT service provider. Finally, the company’s space systems segment produces various space structures, sensors, and satellites.
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