Family Legacy Inc. Makes New $3.07 Million Investment in Northrop Grumman Corporation $NOC

Key Points

• Family Legacy Inc. invested approximately $3.07 million in Northrop Grumman during the second quarter by acquiring 6,022 shares. Institutional investors collectively own 83.4% of the company.
• Northrop Grumman reported quarterly EPS of $7.68, exceeding estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. The company issued fiscal 2026 EPS guidance of $28.60–$29.10.
• The company increased its quarterly dividend to $2.47 per share, or $9.88 annualized, representing a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $659.30.

Family Legacy Inc. acquired a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,022 shares of the aerospace company's stock, valued at approximately $3,067,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors raised 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 valued at $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. J. Stern & Co. LLP lifted its holdings in Northrop Grumman by 56,920.9% during the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company's stock valued at $240,603,000 after purchasing an additional 421,215 shares in the last quarter. Jennison Associates LLC raised its holdings in Northrop Grumman by 272.8% during the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company's stock valued at $229,033,000 after acquiring an additional 293,909 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Northrop Grumman by 1.5% in the fourth 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 in the last quarter. Finally, M&T Bank Corp grew its holdings in Northrop Grumman by 1,086.5% during 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.

Insider Activity

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares of the company's stock, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Northrop Grumman Stock Up 1.8%

Shares of NOC opened at $585.18 on Friday. The company's 50-day simple moving average is $538.88 and its 200-day simple moving average is $613.93. The stock has a market capitalization of $83.12 billion, a PE ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts' consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a dividend of $2.47 per share. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.7%. Northrop Grumman's dividend payout ratio is presently 31.39%.

Analyst Ratings Changes

NOC has been the topic of several recent analyst reports. UBS Group increased their target price on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Morgan Stanley set a $745.00 price target on Northrop Grumman in a research report on Wednesday, July 15th. BTIG Research reissued a "buy" rating and issued a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Susquehanna cut their price target on Northrop Grumman from $785.00 to $655.00 and set a "positive" rating on the stock in a research report on Wednesday, July 22nd. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $653.00 target price on shares of Northrop Grumman in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $659.30.

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.

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