Barclays starts coverage with USD 419 target for Northrop Grumman stock
Published on 10/09/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Barclays initiated coverage of Northrop Grumman with an Underweight rating and a USD 419.00 price target on October 9, 2026.
- Second-quarter revenue rose 5.10 percent to USD 10.88 billion, while operating margin fell to 10.10 percent.
- Northrop Grumman stock was EUR 429.75 at Lang & Schwarz on October 9, 2026, down 0.13 percent from EUR 430.30.
Northrop Grumman (US6668071029) received a USD 419.00 price target and an Underweight rating when Barclays initiated coverage on October 9, 2026, according to GuruFocus. The call puts execution and margin performance ahead of the October results date as the main questions for Northrop Grumman stock.
Three events shaped the stock
On July 21, 2026, Northrop Grumman reported second-quarter revenue of USD 10.88 billion, up 5.10 percent from the prior-year quarter, while operating margin declined to 10.10 percent from 13.80 percent, according to Admirals.
On October 6, 2026, Northrop Grumman received a USD 66.04 million delivery order to retrofit MQ-4C Triton unmanned aircraft for the U.S. Navy and the Royal Australian Air Force, HigherGov reported on October 6, 2026. On October 9, 2026, Barclays initiated coverage with the USD 419.00 target and Underweight rating, according to GuruFocus.
What does the target imply?
The Barclays target is stated in U.S. dollars, while the German reference quote is in euros, so the two figures are not combined into a percentage comparison. The operating backdrop is mixed: second-quarter revenue expanded 5.10 percent, but the operating margin narrowed by 3.70 percentage points year over year.
Northrop Grumman's second-quarter diluted earnings per share were USD 7.68, compared with USD 8.15 in the prior-year quarter, while operating cash flow increased to USD 1.28 billion from USD 0.87 billion, according to Admirals. That combination explains why a growing sales base has not removed the market's attention from program costs and profitability.
Results date approaches
Northrop Grumman is scheduled to release third-quarter 2026 results on October 20, 2026, before the U.S. market opens, with a webcast at 9:30 a.m. ET, according to the company's Northrop Grumman release dated September 17, 2026.
Northrop Grumman stock stays near its yearly low
Northrop Grumman stock was trading at EUR 429.75 at Lang & Schwarz on October 9, 2026 at 4:35 p.m. CEST, down 0.13 percent versus the prior close of EUR 430.30. The primary-exchange context was USD 482.00 on the NYSE at 10:40 a.m. ET, while the 52-week range was USD 470.06 to USD 774.00 and market capitalization was USD 68.5 billion on October 9, 2026.
The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.
Northrop Grumman stock facts
- Company: Northrop Grumman Corporation
- ISIN: US6668071029
- Ticker: NOC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 4:35 p.m. CEST): EUR 429.75
- Change versus prior close: minus 0.13 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 430.30
- Market capitalization: USD 68.5 billion (as of October 9, 2026)
- 52-week range: USD 470.06-774.00 (as of October 9, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: October 20, 2026
Market context: Market report S&P 500.
