TD Cowen Cuts Northrop Grumman (NYSE:NOC) Price Target to $550.00

Northrop Grumman (NYSE:NOC) had its price target lowered by TD Cowen from $580.00 to $550.00 in a research note published on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the aerospace company’s stock.

Other equities research analysts also recently issued reports about the stock. BTIG Research reaffirmed a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Susquehanna decreased their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a report on Wednesday. Jefferies Financial Group lowered their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 15th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $655.24.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $542.09 on Wednesday. The stock has a market cap of $76.99 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 3.46 and a beta of -0.10. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $535.81 and a 200 day simple moving average of $622.09. Northrop Grumman has a 52 week low of $479.02 and a 52 week high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts forecast that Northrop Grumman will post 28.89 earnings per share 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. The ex-dividend date was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Institutional Investors Weigh In On Northrop Grumman

A number of hedge funds have recently made changes to their positions in the business. Capital World Investors increased its position in shares of Northrop Grumman by 39.4% in 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 acquiring an additional 970,029 shares during the period. J. Stern & Co. LLP boosted its holdings in shares of 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 worth $240,603,000 after purchasing an additional 421,215 shares during the period. Jennison Associates LLC grew its stake in shares of Northrop Grumman by 272.8% in the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after purchasing an additional 293,909 shares during the last quarter. Vanguard Group Inc. grew its stake 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 purchasing an additional 209,135 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Northrop Grumman by 1,086.5% in the fourth quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock worth $109,813,000 after purchasing an additional 176,352 shares during 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’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.