Shares of Northrop Grumman Corporation (NOC) Rise Above Previous 52-Week High

October 11, 2021 10:53:39

Northrop Grumman Corporation (NYSE:NOC) traded today at a new 52-week high of $395.59. So far today approximately 279,000 shares have been exchanged, as compared to an average 30-day volume of 733,000 shares.

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.

Northrop Grumman Corporation defies analysts with a current price ($395.12) 32.1% above its average consensus price target of $268.32.

Over the past year, Northrop Grumman Corporation has traded in a range of $282.88 to $395.59 and is now at $395.12, 40% above that low.

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