Highlights
- Cullinan Associates Inc. reduced its holdings in Northrop Grumman (NYSE:NOC) by over 10% during the fourth quarter.
- Other institutional investors have made adjustments to their stakes in the aerospace company.
- Institutional ownership remains significant, with hedge funds holding a large portion of shares.
Cullinan Associates Inc. Adjusts Holdings
Cullinan Associates Inc. decreased its stake in Northrop Grumman (NYSE:NOC) during the fourth quarter. The firm sold 631 shares, bringing its total holdings to 5,550 shares. At the close of the quarter, these holdings were valued at approximately $2.6 million.
Institutional Activity in Northrop Grumman
Several other institutional investors have also made changes to their positions in Northrop Grumman. The Czech National Bank increased its holdings by more than 5% during the third quarter, bringing its total to 28,004 shares. GAMMA Investing LLC expanded its position by over 24%, acquiring an additional 541 shares.
Diversified Trust Co also adjusted its stake, raising its holdings by nearly 3% during the same period. Everpar Advisors LLC and Lakeridge Wealth Management LLC entered new positions in Northrop Grumman during the third quarter.
Institutional Ownership Remains Strong
Institutional investors and hedge funds continue to hold a significant portion of Northrop Grumman’s shares. As of the latest reporting period, institutional ownership stands at 83.40%. Changes in these positions reflect shifts in investment strategies within the aerospace sector.
Aerospace Sector Outlook
Northrop Grumman remains a key player in the aerospace industry, with its institutional backing underscoring its presence in the sector. The adjustments by major stakeholders highlight ongoing evaluations of the company’s position in the market. As institutional activity continues to evolve, the company’s standing among hedge funds and investment firms remains notable.