JPMorgan Chase & Co. Cuts Northrop Grumman (NYSE:NOC) Price Target to $600.00

Northrop Grumman (NYSE:NOC) had its price objective cut by JPMorgan Chase & Co. from $635.00 to $600.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

A number of other analysts also recently issued reports on the company. UBS Group upped their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group reduced their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Weiss Ratings lowered Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, TD Cowen dropped their price objective on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $655.24.

Northrop Grumman Stock Up 1.6%

Northrop Grumman stock opened at $542.09 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. Northrop Grumman has a 1-year low of $479.02 and a 1-year high of $774.00. The company has a fifty day simple moving average of $535.81 and a 200 day simple moving average of $622.09. The company has a market cap of $76.99 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 3.52 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm posted $8.15 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman will post 28.98 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a dividend 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 payout ratio is currently 31.39%.

Hedge Funds Weigh In On Northrop Grumman

A number of hedge funds and other institutional investors have recently bought and sold shares of NOC. Kestra Investment Management LLC raised its stake in Northrop Grumman by 4.4% in the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after buying an additional 15 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of Northrop Grumman by 6.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after acquiring an additional 15 shares during the period. Frank Rimerman Advisors LLC increased its holdings in shares of Northrop Grumman by 0.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock worth $1,125,000 after acquiring an additional 16 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Northrop Grumman by 0.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock worth $2,288,000 after acquiring an additional 16 shares during the last quarter. Finally, Golden State Equity Partners raised its stake in Northrop Grumman by 1.2% in the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company’s stock valued at $762,000 after acquiring an additional 16 shares during the period. Institutional investors own 83.40% of the company’s stock.

More Northrop Grumman News

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

• Positive Sentiment: Northrop Grumman’s Q2 earnings beat expectations, and the company lifted its full-year sales guidance while highlighting strong contract wins and a record backlog, reinforcing the investment case for the stock. Is Northrop Grumman (NOC) Undervalued As Earnings Beat And Guidance Rise?
• Positive Sentiment: Broader defense sector strength is helping sentiment, with defense ETFs benefiting from higher military spending, solid quarterly results across peers, and rising geopolitical tensions that could support future demand. Defense ETFs in Focus Amid Earnings, Conflict and Military Spending
• Positive Sentiment: Several articles and analyst notes say Northrop Grumman may still be undervalued or better positioned than other industrial names, which supports investor interest after the earnings report. How Much Could a $5,000 Investment in SpaceX Be Worth By 2030? Here’s Why This Industrial Stock May Be a Better Buy Today.
• Neutral Sentiment: Analysts remain mixed, with UBS reportedly sticking to a Buy rating while TD Cowen and JPMorgan lowered price targets, suggesting expectations are still being recalibrated after earnings.
• Neutral Sentiment: Northrop Grumman also drew attention for its new robotic satellite servicing vehicle and mission extension pods, which may support long-term space systems growth but are not an immediate earnings driver. Northrop Grumman’s Mission Robotic Vehicle Launched Into Space; Operations Begin In 2027

About Northrop Grumman

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.