Northrop Grumman (NYSE:NOC) Given New $685.00 Price Target at UBS Group

Northrop Grumman (NYSE:NOC) had its price objective increased by UBS Group from $666.00 to $685.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a report on Wednesday, July 15th. Citigroup reduced their price target on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $657.14.

Northrop Grumman Trading Up 2.6%

NYSE:NOC opened at $525.50 on Wednesday. Northrop Grumman has a 1-year low of $479.02 and a 1-year high of $774.00. The business’s 50-day moving average price is $536.10 and its two-hundred day moving average price is $623.03. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $74.64 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 3.36 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results 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 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 business earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts expect that Northrop Grumman will post 28.85 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NOC. Brighton Jones LLC raised its holdings in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 1,978 shares in the last quarter. AXA S.A. increased its position in shares of Northrop Grumman by 1,487.8% in the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after purchasing an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC increased 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 during the period. 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 beat Q2 estimates, posting $7.68 EPS on $10.88 billion in revenue, and raised its 2026 sales and profit outlook. Management also highlighted record backlog and strong weapons demand, which supports the case for faster growth later in the year. Article: Reuters earnings and outlook
• Positive Sentiment: Northrop is also expanding its space and ISR opportunities, including a private robot mission to extend the life of aging satellites and a NATO-focused Airbus partnership tied to MQ-4C Triton systems. These developments point to longer-term program depth and defense demand. Article: Fortune space robot mission
• Positive Sentiment: UBS raised its price target to $685 and kept a buy rating, implying meaningful upside from current levels despite recent weakness. Article: UBS price target update
• Neutral Sentiment: TD Cowen cut its price target to $550 and kept a hold rating. That still suggests only modest upside, signaling that some analysts think the recent rally may be limited near term. Article: TD Cowen price target update

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.