Baird Raises Northrop Grumman (NOC) Price Target to $675

On October 21, 2026, Baird raised its price target on Northrop Grumman Corporation NYSE: NOC to $675 from $550 while keeping an Outperform rating on the aerospace and defense stock. According to the research note, the firm took a more upbeat view on the company's prospects.

NOC Northrop Grumman Corporation

$536.04 ▼ -7.36% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Analysts Set New Price Targets

Baird's move follows several recent updates from Wall Street research firms. On October 6, 2026, Rothschild & Co initiated coverage with a Buy rating and a $680 price target. A few days later on October 9, 2026, TD Cowen maintained its Hold rating while trimming its target from $590 to $540, and Barclays initiated coverage with an Underweight rating and a $419 target. On October 14, 2026, Bernstein kept its Market Perform rating while lowering its target from $620 to $556. Across the wider analyst community tracked by the company, shares carry a consensus buy recommendation from 24 opinions, with a mean price target of $619.08.

Other Institutional Activity in Northrop Grumman Corporation

Large investment firms have adjusted their holdings in the defense giant over recent reporting periods. Capital International Investors reduced its holdings by 1,244,057 shares, ending with 5,852,674 shares worth about $3.13 billion. Franklin Resources, Inc. grew its holdings by 95,750 shares, ending with 3,374,876 shares worth about $1.80 billion.

Northrop Grumman Corporation Stock Up 2.8%

Northrop Grumman shares recently traded around $534.29 on October 21, 2026, about equal to the previous close of $534.00 on October 20, 2026. The stock sits about 1.8% above its 50-day moving average of $524.96, but trades roughly 10.0% below its 200-day moving average of $593.74. The shares are down about 31.0% from their 52-week high of $774.00 and up about 13.7% from their 52-week low of $470.06.

Recent Earnings

For the trailing twelve months, the company generated $42.89 billion in revenue with a net profit margin of 10.5%. Earnings per share over the same period reached $30.90, while the return on equity stood at 27.0%.

Dividend

Eligible shareholders receive an annual dividend rate of $9.88 per share, which translates to a dividend yield of 1.93%. The payout accounts for 29.9% of corporate earnings.

Insider Buying and Selling at Northrop Grumman Corporation

Company insiders executed several sales prior to the recent analyst update. On February 27, 2026, officer Roshan S. Roeder sold 1,754 shares at $720.00 each for a total value of $1,262,880. General counsel Kathryn G. Simpson sold 873 shares on March 2, 2026, at $745.00 each, totaling $650,385. Director Mark A. Welsh III sold 95 shares on May 4, 2026, for $54,310, and sold another 95 shares on August 3, 2026, for $52,015.

About Northrop Grumman Corporation

Based in Falls Church, Virginia, Northrop Grumman operates as a major aerospace and defense technology company. It builds advanced aircraft systems, defense electronics, space technology, and mission equipment for government and commercial customers worldwide through its four core operating segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.

Bottom Line

Investors tracking Northrop Grumman will want to monitor upcoming earnings reports and future institutional filings to see if other firms follow Baird's lead in raising price targets.