Key facts, as of
As of October 6, 2026, Northrop Grumman (NOC) trades at $483.11, down 21.9% over the past year. Its 52-week range runs from $470.06 to $774.00; the price is 37.6% below that high. It is 37.6% below its all-time high of $774.00, reached in March 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +165.4%, against +312.9% for the S&P 500 (SPY). It sits 19.1% below its 200-day average of $597.46, the usual sign of a long-term downtrend. Its 30-day volatility is 21.7% annualized, which we rate medium risk. It has a trailing P/E of 15.4 and a dividend yield of 2.08%.
Cite: Portfolio Terminal, "Northrop Grumman (NOC) stock analysis", 2026-10-06. https://portfolio-terminal.com/analyse/noc
Where it trades today
trading 4% of the way up its 52-week range
How the price has moved
How far it is from its record
Northrop Grumman (NOC) is 37.6% below its all-time high of $774.00, reached in March 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +165.4%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Order-book quality, backlog conversion, and operating leverage usually tell you more than a single quarter of revenue growth.
- NOC trades at 15.4x earnings versus 18.5x for the sector, which means the rerating case depends on proving the discount is too harsh.
- NOC carries a beta of -0.11, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- NOC remains in a bearish short-term trend and sits 37.6% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- NOC is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- The view would need revisiting if peers such as CAT, HON start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for NOC come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Industrials so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as CAT, HON.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for NOC. Last refresh: Oct 6, 2026, 11:07 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as CAT, HON.
What Northrop Grumman does
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems…
Employees
95,000
Industry
Aerospace & Defense
Headquarters
Falls Church, United States
What analysts expect
NOC carries a buy consensus from 23 analysts, with an average price target of $638.39 versus $483.11 today (+32.1%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
NOC generated $42.89B in trailing revenue (5.1% year over year), with a 10.5% net margin, and $2.48B of free cash flow, against $14.75B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $41.95B | $8.31B | $4.28B | $4.18B | $29.14 | $3.31B |
| 2024 | $41.03B | $8.36B | $4.37B | $4.17B | $28.39 | $2.62B |
| 2023 | $39.29B | $6.55B | $2.54B | $2.06B | $13.57 | $2.10B |
| 2022 | $36.60B | $7.47B | $3.60B | $4.90B | $31.61 | $1.47B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
NOC is in 8 of the 30 ETFs we track. It weighs most in XLI: 1.26% of the fund, holding #29 of 83.
Famous investors who hold it
NOC is in the latest 13F of 1 of the 15 famous investors we follow. Renaissance Technologies (Founded by Jim Simons) holds the most of it: 0.14% of the portfolio, position #149 of 2,931, as of Q2 2026.
How it sits in industrials
Manufacturing, aerospace, defense, and infrastructure companies.
The companies it competes with
NOC beside the industrials names it is usually measured against.
What the chart is saying
In a downtrend, below both moving averages.
downtrend- Price is 9.8% below its 50-day average and 19.1% below its 200-day.
- The 50-day crossed below the 200-day on 2026-05-29 (a “death cross”).
- RSI at 31 is neither stretched nor washed out.
- The nearest ceiling is $516.15 (+6.8%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is NOC a good investment in 2026?
Northrop Grumman trades at a P/E ratio of 15.4, with medium volatility (21.7% annualized). Recent trend shows weakness.
What is the risk level of NOC?
Based on 30-day volatility of 21.7%, NOC has MEDIUM risk. Beta of -0.11 indicates lower sensitivity to market movements than average.
Does NOC pay dividends?
Yes, Northrop Grumman has a dividend yield of 2.08%.
How far is NOC from its all-time high?
Northrop Grumman is 37.6% below its all-time high of $774.00, reached in March 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +165.4%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold NOC?
8 of the 30 popular ETFs we track hold Northrop Grumman. The largest weights: XLI (1.26%), VIG (0.31%), VYM (0.29%), VTV (0.28%) and VOO (0.11%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is NOC?
0.11%, as of August 31, 2026: NOC is holding #166 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $1.09 in Northrop Grumman.
Which famous investors own NOC?
Renaissance Technologies (0.14% of Founded by Jim Simons's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for NOC?
The average analyst price target for Northrop Grumman (NOC) is $638.39 based on 23 analyst estimates, about 32.1% above the current price of $483.11. The published range runs from $525.00 to $815.00.
How much revenue does NOC generate?
Northrop Grumman reported $42.89B in trailing twelve-month revenue. Revenue growth is running at 5.1% year over year. Net margin sits at 10.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare NOC with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.