Northrop Grumman Corporation (NOC) Insider Raises Exposure

Northrop Grumman Corporation (NYSE:NOC) saw an insider raise his position in the company today. The Director Donald E. Felsinger acquired 686 shares of common stock at an average price of $131.76 per share. Following the completion of this transaction, Felsinger holds 29,754 shares directly; while holding 4,640 shares indirectly. A $26.59 billion market cap company, Northrop Grumman Corporation (NYSE:NOC) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers. The Company operates in four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services, and conducts most of its business with the United States Government, principally the Department of Defense (DoD) and intelligence community.
In addition, among the institutional investors involved in the company is Winton Capital Management, the fund run by billionaire David Harding. After reporting a 2% increase in its holdings over the course of the last fiscal quarter, the fund now holds about 1.15 million shares worth approximately $137.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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