Shares of Northrop Grumman Corporation (NYSE:NOC) traded at a new 52-week high today of $397.00. Approximately 161,000 shares have changed hands today, as compared to an average 30-day volume of 745,000 shares.
Over the past year, Northrop Grumman Corporation has traded in a range of $282.88 to $397.00 and is now at $396.77, 40% above that low.
Northrop Grumman Corporation (NYSE:NOC) is currently priced 31.9% above its average consensus analyst price target of $270.23.
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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