This afternoon we watched Northrop Grumman drop -2.0% to a price of $425.8 per share. The large-cap Farm & Heavy Construction Machinery company is now trading -15.25% below its average target price of $502.41. Analysts have set target prices ranging from $384.0 to $615.0 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 0.9%. The stock's short ratio is 2.35. The company's insiders own 0.23% 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 82.5%. In conclusion, we believe there is mixed market sentiment regarding Northrop Grumman.
Institutions Invested in Northrop Grumman
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | State Street Corporation | 9% | 14,142,897 | $6,022,045,369 |
| 2023-06-30 | Capital International Investors | 8% | 12,180,981 | $5,186,661,561 |
| 2023-06-30 | Vanguard Group Inc | 8% | 12,111,655 | $5,157,142,551 |
| 2023-06-30 | Blackrock Inc. | 6% | 9,603,473 | $4,089,158,686 |
| 2023-06-30 | Wellington Management Group, LLP | 4% | 5,814,991 | $2,476,023,096 |
| 2023-06-30 | FMR, LLC | 3% | 5,229,911 | $2,226,896,039 |
| 2023-06-30 | Bank of America Corporation | 3% | 4,504,008 | $1,917,806,551 |
| 2023-06-30 | Massachusetts Financial Services Co. | 3% | 4,205,856 | $1,790,853,433 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 4,077,676 | $1,736,274,391 |
| 2023-06-30 | Morgan Stanley | 3% | 4,052,262 | $1,725,453,110 |
