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

Northrop Grumman (NYSE:NOC) had its price target decreased by JPMorgan Chase & Co. from $635.00 to $600.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.28% from the company’s previous close.

NOC has been the topic of several other research reports. 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 research note on Wednesday. The Goldman Sachs Group reduced their target price on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research report on Wednesday. TD Cowen dropped their price target on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. One investment 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’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.24.

Northrop Grumman Price Performance

NOC traded up $4.38 during trading on Thursday, reaching $529.66. 623,434 shares of the company traded hands, compared to its average volume of 957,474. The company has a market cap of $75.23 billion, a P/E ratio of 16.83, a PEG ratio of 3.36 and a beta of -0.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.17. Northrop Grumman has a 12-month low of $479.02 and a 12-month high of $774.00. The firm has a fifty day simple moving average of $536.10 and a 200 day simple moving average of $623.03.

Northrop Grumman (NYSE:NOC) last released its 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. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts forecast that Northrop Grumman will post 28.85 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NOC. Vanguard Group Inc. lifted its stake in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. Capital World Investors increased its position in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. Geode Capital Management LLC raised its holdings in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after buying an additional 17,948 shares during the period. Franklin Resources Inc. raised its holdings in Northrop Grumman by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock valued at $1,781,986,000 after buying an additional 128,855 shares during the period. Finally, Invesco Ltd. lifted its position in Northrop Grumman by 3.9% in the fourth quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after buying an additional 62,817 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman News Summary

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

• Positive Sentiment: Northrop Grumman’s Q2 results beat expectations, with higher-than-expected EPS and revenue, and management raised full-year sales and earnings guidance. The company also highlighted a record $105 billion backlog, signaling robust demand and strong program momentum. Northrop Grumman Corp (NOC) Q2 2026 Earnings Call Highlights: Record Backlog and Raised …
• Positive Sentiment: Analysts turned more constructive after the earnings release, with UBS raising its price target and reiterating a buy rating, while other commentary argued the shares may still be undervalued after the guidance increase. UBS Sticks to Its Buy Rating for Northrop Grumman (NOC)
• Positive Sentiment: Northrop Grumman also announced and launched its robotic satellite servicing vehicle and mission extension pods, a high-profile space systems development that could support long-term growth in its space business. Northrop Grumman’s Mission Robotic Vehicle Launched Into Space; Operations Begin In 2027
• Neutral Sentiment: Several recent articles focused on the same earnings call and valuation thesis, reinforcing the market’s attention on backlog growth, defense contract wins, and whether the stock is fairly valued after the run-up in expectations. Northrop Grumman Corporation (NOC) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Offsetting the good news, TD Cowen lowered its price target and downgraded the stock to hold, reflecting some caution around near-term upside after the recent move. Northrop Grumman had its price target lowered by TD Cowen from $580.00 to $550.00.
• Negative Sentiment: Some market commentary also noted that NOC had been under pressure before earnings, with margin concerns and broader uncertainty weighing on sentiment, which suggests investors are still watching for proof that backlog will convert into stronger margins. Why Did PSKY, MCD, NOC Stocks Tumble To 52-Week Lows Today?

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.