O Domhnaill Enterprises Inc. Buys New Shares in Northrop Grumman Corporation $NOC

O Domhnaill Enterprises Inc. purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,944 shares of the aerospace company’s stock, valued at approximately $1,326,000. Northrop Grumman makes up 1.1% of O Domhnaill Enterprises Inc.’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Northrop Grumman by 1.5% during 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. Capital World Investors boosted its stake in Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after buying an additional 970,029 shares in the last quarter. Geode Capital Management LLC grew its position in Northrop Grumman by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after acquiring an additional 17,948 shares during the last quarter. Franklin Resources Inc. grew its position in Northrop Grumman by 4.3% during the fourth quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock valued at $1,781,986,000 after acquiring an additional 128,855 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Northrop Grumman by 3.9% during the fourth quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after acquiring an additional 62,817 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Wells Fargo & Company initiated coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target for the company. UBS Group reduced their price objective on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $698.37.

Northrop Grumman Trading Down 0.0%

Northrop Grumman stock traded down $0.20 during trading hours on Tuesday, reaching $547.55. The stock had a trading volume of 140,597 shares, compared to its average volume of 948,696. The company has a fifty day simple moving average of $544.85 and a 200-day simple moving average of $626.92. Northrop Grumman Corporation has a 52 week low of $493.84 and a 52 week high of $774.00. The stock has a market cap of $77.77 billion, a PE ratio of 17.10, a PEG ratio of 3.74 and a beta of -0.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating the consensus estimate of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts forecast that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is currently 30.92%.

Northrop Grumman Company 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.