Family Legacy Inc. Invests $3.07 Million in Northrop Grumman Corporation $NOC

Family Legacy Inc. purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,022 shares of the aerospace company’s stock, valued at approximately $3,067,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares during the period. Bison Wealth LLC lifted its stake in Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares in the last quarter. Woodline Partners LP grew its stake in Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after acquiring an additional 1,978 shares in the last quarter. AXA S.A. increased its holdings in shares of Northrop Grumman by 1,487.8% in the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after purchasing an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Northrop Grumman by 6.7% in the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after purchasing an additional 553 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $585.18 on Friday. The firm has a fifty day simple moving average of $538.88 and a 200-day simple moving average of $613.93. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The stock has a market capitalization of $83.12 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current 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 $2.47 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.7%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NOC has been the topic of a number of research analyst reports. Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. TD Cowen cut their price target on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Citigroup boosted their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $659.30.

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.