This afternoon we watched Northrop Grumman drop -5.4% to a price of $461.43 per share. The large-cap Aerospace & Defense company is now trading -17.74% below its average target price of $560.95. Analysts have set target prices ranging from $375 to $700 per share for Northrop Grumman, and have given the stock an average rating of buy.
Northrop Grumman's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 2.53. The company's insiders own 0.22% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 85.1%. In conclusion, we believe there is mixed market sentiment regarding Northrop Grumman.
Institutions Invested in Northrop Grumman
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| State Street Corporation | 14,366,015 | 2022-09-29 | 9% | $6,628,910,196 |
| Capital International Investors | 12,233,419 | 2022-09-29 | 8% | $5,644,866,439 |
| Vanguard Group, Inc. (The) | 12,131,490 | 2022-09-29 | 8% | $5,597,833,341 |
| Blackrock Inc. | 9,131,144 | 2022-09-29 | 6% | $4,213,383,709 |
| Wellington Management Group, LLP | 6,818,168 | 2022-09-29 | 4% | $3,146,107,210 |
| FMR, LLC | 6,576,817 | 2022-09-29 | 4% | $3,034,740,620 |
| Massachusetts Financial Services Co. | 5,254,838 | 2022-09-29 | 3% | $2,424,739,859 |
| JP Morgan Chase & Company | 3,582,672 | 2022-09-29 | 2% | $1,653,152,314 |
| Morgan Stanley | 3,238,285 | 2022-09-29 | 2% | $1,494,241,823 |
| Sanders Capital, LLC | 3,057,766 | 2022-09-29 | 2% | $1,410,944,942 |
