Northrop Grumman (NYSE:NOC – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 28.600-29.100 for the period, compared to the consensus EPS estimate of 27.950. The company issued revenue guidance of $43.8 billion-$44.3 billion, compared to the consensus revenue estimate of $44.0 billion.
Analyst Ratings Changes
A number of research firms have issued reports on NOC. Wells Fargo & Company reiterated an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 8th. Jefferies Financial Group dropped their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. TD Cowen cut their target price on shares of Northrop Grumman from $680.00 to $580.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Finally, Morgan Stanley set a $745.00 price target on Northrop Grumman in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $676.29.
Read Our Latest Report on Northrop Grumman
Northrop Grumman Stock Performance
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 (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business earned $8.15 earnings per share. Northrop Grumman’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman will post 27.96 earnings per share for the current year.
Northrop Grumman Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is presently 30.92%.
Northrop Grumman News Summary
Here are the key news stories impacting Northrop Grumman this week:
- Positive Sentiment: Northrop Grumman beat Q2 expectations, posting $7.68 in EPS versus $6.82 expected and revenue of $10.88 billion versus $10.80 billion forecast. Northrop Grumman Corp (NOC) Q2 2026 Earnings Call Highlights: Record Backlog and Raised …
- Positive Sentiment: The company raised its 2026 outlook, guiding EPS to $28.60-$29.10 and revenue to about $43.8 billion-$44.3 billion, signaling confidence in continued demand. Northrop Grumman raises 2026 forecasts on strong weapons demand
- Positive Sentiment: Backlog reached a record roughly $105 billion, giving investors strong visibility into future revenue and highlighting sustained defense demand. Northrop Grumman Lifts Outlook as Second-Quarter Orders Boost Backlog to Record High
- Neutral Sentiment: Analysts and commentary around the earnings call emphasized “durable growth,” but the market has so far looked past the upbeat narrative and focused on near-term execution concerns. Why Did PSKY, MCD, NOC Stocks Tumble To 52-Week Lows Today?
- Negative Sentiment: Despite the earnings beat, the stock sold off as investors weighed margin compression in key segments and a broader de-rating of defense stocks. Defense Stock Misfires Even as Earnings, Backlog Impress
Institutional Investors Weigh In On Northrop Grumman
Institutional investors and hedge funds have recently made changes to their positions in the business. Karpus Management Inc. purchased a new stake in Northrop Grumman in the 4th quarter valued at $26,000. Motiv8 Investments LLC purchased a new position in Northrop Grumman during the 4th quarter worth $30,000. EFG International AG purchased a new stake in shares of Northrop Grumman in the fourth quarter valued at about $31,000. Wexford Capital LP bought a new position in shares of Northrop Grumman during the third quarter valued at about $33,000. Finally, Prosperity Bancshares Inc purchased a new stake in Northrop Grumman in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 83.40% of the company’s stock.
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.
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