Northrop Grumman (NOC) Stock Forecast & Price Target

Northrop Grumman
Bull Case

Here are some ways that investors could benefit from investing in Northrop Grumman Co.:

• Northrop Grumman Co. was recently selected to build a new variant of the U.S. Army’s Integrated Battle Command System, a development that reinforces its position in missile-defense and command-and-control programs and includes a disclosed $21 million Army contract related to missile-defense command.
• The company demonstrated strong financial performance in its most recent quarterly report on July 21, 2026, where it reported earnings per share of $7.68, significantly topping the consensus estimate of $6.82, while also achieving revenue of $10.88 billion, which exceeded analyst estimates of $10.80 billion.
• With the current stock price at $519.98, Northrop Grumman Co. trades at a price-to-earnings ratio of 17.40, which is below the average target price of $641.91 set by Wall Street analysts who maintain a consensus rating of Moderate Buy.
• Institutional investors continue to show confidence in the company, with ZWJ Investment Counsel Inc. increasing its holdings by 5.2% during the third quarter and State Street Corp lifting its stake by 1.3% in the second quarter, indicating that professional investors are accumulating shares.
• Northrop Grumman Co. offers a dividend yield of 1.98%, providing income to shareholders, with a recent quarterly dividend of $2.47 per share paid on September 16, 2026, representing a payout ratio of 31.39% which leaves room for future growth.