Northrop Grumman (NYSE:NOC) Stock Gets Price Target Trim from TD Cowen

Northrop Grumman (NYSE:NOC) had its price target lowered by TD Cowen from $590.00 to $540.00 in a report issued on Friday,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

NOC has been the subject of a number of other research reports. Royal Bank Of Canada cut Northrop Grumman from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $640.00 to $525.00 in a research report on Friday, October 2nd. Sanford C. Bernstein lowered their price objective on Northrop Grumman from $653.00 to $620.00 and set a “market perform” rating on the stock in a report on Wednesday, September 23rd. The Goldman Sachs Group lowered their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Citigroup raised their price objective on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Barclays assumed coverage on Northrop Grumman in a report on Thursday. They issued an “underweight” rating and a $419.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $644.70.

Northrop Grumman Stock Up 0.0%

NOC stock opened at $480.95 on Friday. 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 has a 1 year low of $470.06 and a 1 year high of $774.00. The company has a fifty day simple moving average of $531.46 and a 200 day simple moving average of $559.05. The firm has a market cap of $68.31 billion, a PE ratio of 15.28, a PEG ratio of 2.82 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) 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 analysts’ expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts anticipate that Northrop Grumman will post 28.97 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Monday, August 31st were issued a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were 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 $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northrop Grumman

A number of hedge funds have recently bought and sold shares of NOC. BlackRock Inc. acquired a new stake in Northrop Grumman during the second quarter valued at approximately $6,001,616,000. Bank of America Corp DE bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $1,298,141,000. Bank of New York Mellon Corp acquired a new position in shares of Northrop Grumman in the 2nd quarter worth approximately $376,135,000. Corient Private Wealth LP acquired a new position in shares of Northrop Grumman in the 2nd quarter worth approximately $44,039,000. Finally, J. Stern & Co. LLP raised its holdings in shares of Northrop Grumman by 56,920.9% in the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after buying an additional 421,215 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman News Roundup

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman integrated SRC’s Gryphon R1810 long-range radar into its Raid Hunter air-defense system. The upgrade is designed to improve detection and precision against multiple airborne targets, including drone swarms, potentially strengthening the company’s positioning in counter-drone and infrastructure-protection markets. Northrop Grumman Upgraded Raid Hunter With New Long Range Radar
• Positive Sentiment: Citi maintained its Buy rating on NOC, signaling that the bank continues to see value in Northrop’s defense portfolio and long-term prospects. Citi Remains a Buy on Northrop Grumman
• Positive Sentiment: Recent investment commentary highlights Northrop’s record backlog, raised guidance and dividend appeal after a significant year-to-date decline. Its latest quarterly results also exceeded earnings expectations, while full-year 2026 EPS guidance remains strong at $28.60–$29.10. As War Fades Away, It’s Time to Buy Defense Stocks
• Neutral Sentiment: Investor comparisons of Northrop Grumman and L3Harris focus on their dividends, backlogs and potential risks, but do not provide a new company-specific catalyst or material financial update. LHX vs. NOC: Which Defense Dividend Will Actually Protect Your Retirement?
• Negative Sentiment: Barclays initiated coverage with an Underweight rating, adding to concerns about valuation, execution or near-term upside. Barclays Initiates Coverage at Underweight
• Negative Sentiment: TD Cowen lowered its price target from $590 to $540 and assigned a Hold rating. Although the revised target implies potential upside from the recent trading level, the cut signals reduced expectations and may pressure the stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.

The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.