Rockefeller Capital Management L.P. Has $19.36 Million Holdings in Northrop Grumman Corporation $NOC

Rockefeller Capital Management L.P. lessened its position in Northrop Grumman Corporation (NYSE:NOC) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,722 shares of the aerospace company’s stock after selling 1,139 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Northrop Grumman were worth $19,361,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NOC. Mawer Investment Management Ltd. acquired a new position in shares of Northrop Grumman during the 2nd quarter worth about $491,985,000. Wellington Management Group LLP grew its holdings in Northrop Grumman by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 5,139,333 shares of the aerospace company’s stock valued at $2,631,390,000 after buying an additional 974,633 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Northrop Grumman by 1,425.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,001,198 shares of the aerospace company’s stock worth $512,624,000 after buying an additional 935,554 shares during the period. Nuveen LLC acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $369,205,000. Finally, Vanguard Group Inc. boosted its position in shares of Northrop Grumman by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,266,301 shares of the aerospace company’s stock valued at $6,792,479,000 after acquiring an additional 588,520 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 0.7%

NOC stock opened at $566.77 on Wednesday. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $640.90. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $589.74 and its 200-day moving average is $549.56. The firm has a market cap of $80.89 billion, a P/E ratio of 20.39, a P/E/G ratio of 5.07 and a beta of 0.07.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The business had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the company earned $7.00 EPS. Northrop Grumman’s revenue was up 4.3% on a year-over-year basis. Northrop Grumman has set its FY 2025 guidance at 25.650-26.050 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of research reports. Sanford C. Bernstein set a $696.00 target price on shares of Northrop Grumman in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Northrop Grumman in a report on Tuesday, October 14th. Truist Financial increased their target price on shares of Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Finally, Morgan Stanley upped their price target on Northrop Grumman from $625.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $646.94.

Northrop Grumman Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.