J. Stern & Co. LLP Boosts Stock Holdings in Northrop Grumman Corporation $NOC

J. Stern & Co. LLP grew its position in Northrop Grumman Corporation (NYSE:NOC) by 56,920.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 421,955 shares of the aerospace company’s stock after acquiring an additional 421,215 shares during the quarter. J. Stern & Co. LLP’s holdings in Northrop Grumman were worth $240,603,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NOC. Capital World Investors boosted its holdings in shares of Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after buying an additional 970,029 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Northrop Grumman by 272.8% in the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after buying an additional 293,909 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Northrop Grumman in the 3rd quarter valued at about $137,280,000. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after buying an additional 209,135 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Northrop Grumman by 1,086.5% in the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after buying an additional 176,352 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NOC shares. Wells Fargo & Company started coverage on shares of Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price target on the stock. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a report on Monday. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. UBS Group lowered their price target on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup lowered their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Stock Up 1.3%

NOC stock opened at $551.67 on Wednesday. The firm has a 50 day moving average of $583.62 and a 200 day moving average of $630.55. The stock has a market capitalization of $78.35 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 3.72 and a beta of -0.12. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a 52 week low of $481.28 and a 52 week high of $774.00.

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

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be paid a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s dividend payout ratio (DPR) is 30.92%.

Northrop Grumman Profile

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.