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
|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|
|Wellington Management Group, LLP||6,818,168||2022-09-29||4%||$3,146,107,210|
|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|
|Sanders Capital, LLC||3,057,766||2022-09-29||2%||$1,410,944,942|