Corient Private Wealth LLC Has $44.20 Million Position in Northrop Grumman Corporation $NOC

Corient Private Wealth LLC raised its position in Northrop Grumman Corporation (NYSE:NOC) by 13.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 77,515 shares of the aerospace company’s stock after buying an additional 9,272 shares during the period. Corient Private Wealth LLC’s holdings in Northrop Grumman were worth $44,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NOC. Capital World Investors grew its holdings in shares of Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. J. Stern & Co. LLP raised its holdings in Northrop Grumman by 56,920.9% in the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock valued at $240,603,000 after buying an additional 421,215 shares during the last quarter. Jennison Associates LLC boosted its position in Northrop Grumman by 272.8% during the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after buying an additional 293,909 shares during the period. Holocene Advisors LP acquired a new stake in Northrop Grumman during the 3rd quarter worth approximately $137,280,000. Finally, Vanguard Group Inc. boosted its position in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after buying an additional 209,135 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NOC shares. Jefferies Financial Group decreased their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings lowered Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Citigroup cut their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Morgan Stanley reduced their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Price Performance

NOC stock opened at $521.85 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.56 and a beta of -0.12. The company’s fifty day simple moving average is $574.00 and its 200 day simple moving average is $629.90. Northrop Grumman Corporation has a 12-month low of $481.28 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, analysts expect that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a dividend of $2.47 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s payout ratio is 30.92%.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.