Aerospace Sector

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>>> Northrop Grumman Corporation (NOC) - Goldman Sachs’ Stake Value: $273,998,676

https://finance.yahoo.com/news/goldman-sachs-defense-stocks-top-035112162.html

Number of Hedge Fund Holders: 40

Northrop Grumman Corporation (NOC) functions as a global aerospace and defense company. Its operations are divided into Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems segments. At the conclusion of the second quarter of 2023, Goldman Sachs held 601,138 shares of Northrop Grumman Corporation (NOC) worth approximately $274 million.

On August 16, Northrop Grumman Corporation (NOC) declared a quarterly dividend of $1.87 per share, in line with previous. The dividend is payable on September 13, to shareholders of record on August 28.

According to Insider Monkey’s second quarter database, 40 hedge funds were bullish on Northrop Grumman Corporation (NYSE:NOC), compared to 45 funds in the prior quarter. Donald Yacktman’s Yacktman Asset Management is a prominent stakeholder of the company, with 409,839 shares worth $186.80 million.

Like Lockheed Martin Corporation (LMT), RTX Corporation (RTX), and The Boeing Company (BA), Northrop Grumman Corporation (NOC) is one of the top Goldman Sachs defense stocks.

Harding Loevner Global Equity Strategy made the following comment about Northrop Grumman Corporation (NOC) in its Q1 2023 investor letter:

“Our other purchase was Northrop Grumman Corporation (NOC), a US defense contractor whose stock price experienced a pullback. We like that Northrop has a larger presence than its rivals in the most favorable subcategories of the defense industry-namely, nuclear weapons, space systems, and what’s known as C4ISR (which stands for Command, Control, Communications, Computers. Intelligence, Surveillance, and Reconnaissance). C4ISR refers to digital systems that translate data picked up from different sensors-such as an incoming hypersonic missile or advancing troops-into a common format, and then escalate key information to the right people. These differentiated technologies are especially relevant in a time of increased geopolitical tensions. Northrop also benefits from large barriers to entry in this stable industry, which should enable continued strong earnings and cash flow.”

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