TD Cowen Has Lowered Expectations for Northrop Grumman (NYSE:NOC) Stock Price

Northrop Grumman (NYSE:NOC) had its price objective decreased by analysts at TD Cowen from $580.00 to $550.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price objective would indicate a potential upside of 4.33% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Robert W. Baird set a $500.00 price objective on Northrop Grumman in a research report on Wednesday. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Susquehanna cut their target price on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday. Wells Fargo & Company restated an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $657.14.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock traded up $14.89 during trading on Wednesday, hitting $527.18. 603,894 shares of the company were exchanged, compared to its average volume of 956,641. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The stock has a market capitalization of $74.88 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 3.54 and a beta of -0.10. The firm has a 50 day moving average price of $536.62 and a 200 day moving average price of $623.35.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.Northrop Grumman’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts expect that Northrop Grumman will post 27.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Northrop Grumman

Several hedge funds have recently modified their holdings of NOC. Pictet Asset Management Holding SA increased its position in Northrop Grumman by 7.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after purchasing an additional 4,041 shares in the last quarter. Vanguard Group Inc. lifted its position in Northrop Grumman by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after buying an additional 209,135 shares in the last quarter. New York State Teachers Retirement System grew its stake in Northrop Grumman by 9.7% during the fourth quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after buying an additional 9,924 shares during the period. Nordea Investment Management AB purchased a new stake in Northrop Grumman during the fourth quarter worth approximately $1,987,000. Finally, Geode Capital Management LLC increased its position in shares of Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after acquiring an additional 17,948 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman News Summary

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

• Positive Sentiment: Northrop Grumman beat Q2 expectations, with EPS of $7.68 and revenue of $10.88 billion, while also raising its 2026 guidance. Management pointed to strong weapons demand, record backlog, and solid program momentum as reasons for improved second-half growth. Reuters article
• Positive Sentiment: UBS raised its price target on Northrop Grumman to $685 from $666 and reiterated a buy rating, signaling continued analyst confidence in upside from current levels. Tickerreport article
• Positive Sentiment: Northrop highlighted a record backlog of about $105 billion and said its Q2 earnings call points to faster growth in the second half of 2026, which should reassure investors about demand visibility. Zacks article
• Neutral Sentiment: The company is also expanding its ISR footprint through a NATO-focused Airbus pact tied to MQ-4C Triton systems, which could support long-term international demand but is not likely to move the stock immediately. Zacks article
• Negative Sentiment: Despite the strong results, the shares have been under pressure because investors appear focused on margin concerns and broader defense-stock weakness, leading to a selloff even after the beat-and-raise report. Benzinga article

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.