McDonough Capital Management Inc Has $2.12 Million Position in Northrop Grumman Corporation $NOC

McDonough Capital Management Inc increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 14.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,241 shares of the aerospace company’s stock after buying an additional 526 shares during the quarter. Northrop Grumman accounts for about 0.9% of McDonough Capital Management Inc’s portfolio, making the stock its 18th biggest holding. McDonough Capital Management Inc’s holdings in Northrop Grumman were worth $2,120,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management grew its stake in shares of Northrop Grumman by 7,066.7% during the 2nd quarter. LSV Asset Management now owns 21,500 shares of the aerospace company’s stock worth $10,750,000 after acquiring an additional 21,200 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Northrop Grumman by 4.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 47,946 shares of the aerospace company’s stock worth $23,972,000 after purchasing an additional 1,910 shares during the last quarter. Midwest Professional Planners LTD. grew its position in Northrop Grumman by 2.0% in the second quarter. Midwest Professional Planners LTD. now owns 4,708 shares of the aerospace company’s stock valued at $2,354,000 after purchasing an additional 92 shares in the last quarter. Symphony Financial Ltd. Co. bought a new position in Northrop Grumman in the second quarter valued at $32,698,000. Finally, Western Wealth Management LLC grew its position in Northrop Grumman by 25.2% in the second quarter. Western Wealth Management LLC now owns 1,869 shares of the aerospace company’s stock valued at $935,000 after purchasing an additional 376 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. UBS Group lifted their target price on Northrop Grumman to $770.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Bank of America increased their price target on Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Truist Financial raised their price target on Northrop Grumman from $625.00 to $688.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, BTIG Research upped their price objective on Northrop Grumman from $630.00 to $680.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.73.

Northrop Grumman Trading Up 0.8%

Northrop Grumman stock opened at $562.68 on Tuesday. The stock has a 50-day simple moving average of $589.84 and a 200 day simple moving average of $549.03. The stock has a market capitalization of $80.31 billion, a P/E ratio of 20.24, a PEG ratio of 5.07 and a beta of 0.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $640.90.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a return on equity of 25.49% and a net margin of 9.82%.The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the firm posted $7.00 earnings per share. The business’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. Analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s payout ratio is 33.24%.

Northrop Grumman Company 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.