Baird upgrades Northrop Grumman stock to Outperform at USD 675

Published on 10/26/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EPS guidance rose to USD 29.35-29.75. Northrop Grumman stock costs EUR 492.75 on October 26, 2026, 0.93 percent above Xetra close.

Guidance, margins and valuation

Baird upgraded Northrop Grumman to Outperform with a USD 675 target on October 21, 2026.
Third-quarter sales rose 7.00 percent to USD 11.12 billion on October 20, 2026.
Northrop Grumman stock trades at EUR 492.75 at 12:07 p.m. CET at Lang & Schwarz on October 26, 2026, 0.93 percent above the Xetra close of October 23, 2026 at EUR 488.20.

Northrop Grumman, US6668071029, Illustration mit AI erstellt.

Northrop Grumman (ISIN US6668071029) was upgraded to Outperform with a USD 675 price target by Baird on October 21, 2026, according to MarketScreener. Northrop Grumman stock was trading at EUR 492.75 at Lang & Schwarz on October 26, 2026 at 12:07 p.m. CET, 0.93 percent above the Xetra close of October 23, 2026 at EUR 488.20.

Third-quarter results reset the baseline

Northrop Grumman reported third-quarter sales of USD 11.122 billion on October 20, 2026, up 7.00 percent from USD 10.423 billion a year earlier. Net earnings increased to USD 1.124 billion from USD 1.100 billion, while diluted earnings per share rose to USD 7.89 from USD 7.67.

The report also lifted the 2026 MTM-adjusted earnings-per-share guidance range to USD 29.35-29.75 from USD 28.60-29.10. Total backlog reached USD 109.597 billion at September 30, 2026, up 15.00 percent from USD 95.681 billion at the end of 2025.

What does the guidance mean for margins?

The operating picture is mixed beneath the higher outlook. Third-quarter operating margin fell to 11.4 percent from 11.9 percent, while segment operating margin declined to 12.1 percent from 12.3 percent. Aeronautics Systems delivered 14.00 percent sales growth, but Mission Systems and Space Systems each grew 2.00 percent.

Three dated signals for the stock

On October 2, 2026, a Forth Defense Department list showed Northrop Grumman receiving a USD 29.219 million navigation-system contract. On October 20, 2026, the company reported USD 11.122 billion in third-quarter sales. On October 21, 2026, Baird upgraded the stock and set a USD 675 target.

The next dated company event in the evidence is the third-quarter earnings webcast on October 20, 2026. The report's September 30, 2026 period end provides the latest operating reference for investors.

Stock price after the Xetra close

The current euro quote places Northrop Grumman 0.93 percent above the Xetra close, a move below the 1.00 percent threshold for a directional headline. The primary listing is on the NYSE, where the stock closed at USD 551.44 on October 23, 2026.

Northrop Grumman was trading at EUR 492.75 at Lang & Schwarz on October 26, 2026 at 12:07 p.m. CET, 0.93 percent above the Xetra close of October 23, 2026 at EUR 488.20. The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.