Shares of Northrop Grumman Corporation (NOC) Rise to a New 52-Week High

September 21, 2022 14:04:32

Northrop Grumman Corporation (NYSE:NOC) traded at a new 52-week high today of $515.20. This new high was reached on above average trading volume as 895,000 shares traded hands, while the average 30-day volume is approximately 672,000 shares.

Northrop Grumman Corporation share prices have moved between a 52-week high of $515.20 and a 52-week low of $344.89 and are now trading 46% above that low price at $504.53 per share.

Northrop Grumman Corporation has overhead space with shares priced $504.53, or 14.7% below the average consensus analyst 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 long-range missile manufacturer. Finally, the company’s space systems segment produces various space structures, sensors, and satellites.

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