Northrop Grumman (NYSE:NOC) Price Target Raised to $590.00 at TD Cowen

Key Points

• TD Cowen raised Northrop Grumman’s price target from $550 to $590 while maintaining a “hold” rating, implying roughly 0.13% downside from the reported share price.
• Analyst opinion remains mixed, but MarketBeat lists a consensus rating of “Moderate Buy” and an average price target of $661.30.
• Northrop Grumman exceeded quarterly expectations with $7.68 in EPS versus $6.82 forecast and $10.88 billion in revenue, up 5.1% year over year; the company guided to fiscal 2026 EPS of $28.60–$29.10.

Northrop Grumman (NYSE:NOC - Get Free Report) had its price target boosted by stock analysts at TD Cowen from $550.00 to $590.00 in a report released on Wednesday, MarketBeat reports. The firm currently has a "hold" rating on the aerospace company's stock. TD Cowen's price objective points to a potential downside of 0.13% from the company's current price.

NOC has been the subject of a number of other reports. Jefferies Financial Group cut their price target on Northrop Grumman from $620.00 to $580.00 and set a "hold" rating for the company in a report on Friday, June 26th. Susquehanna reduced their target price on Northrop Grumman from $785.00 to $655.00 and set a "positive" rating for the company in a report on Wednesday, July 22nd. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Wall Street Zen cut shares of Northrop Grumman from a "strong-buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $661.30.

Northrop Grumman Stock Performance

Shares of NYSE:NOC traded up $1.61 during midday trading on Wednesday, reaching $590.75. The company had a trading volume of 147,159 shares, compared to its average volume of 921,520. Northrop Grumman has a 52-week low of $479.02 and a 52-week high of $774.00. The company's 50 day moving average price is $540.34 and its 200 day moving average price is $612.15. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $83.91 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts' consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion during 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 revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts anticipate that Northrop Grumman will post 28.97 EPS for the current fiscal year.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NOC. Fox Hill Wealth Management bought a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $1,249,000. Kingsview Wealth Management LLC purchased a new position in Northrop Grumman in the 2nd quarter worth $3,507,000. Beacon Pointe Advisors LLC purchased a new position in Northrop Grumman in the 2nd quarter worth $8,341,000. Pin Oak Investment Advisors Inc. purchased a new stake in Northrop Grumman during the second quarter valued at about $212,000. Finally, Twin Lakes Capital Management LLC purchased a new stake in Northrop Grumman during the second quarter valued at about $113,000. 83.40% of the stock is currently owned by institutional investors.

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.

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