Northrop Grumman Corporation (NYSE:NOC), watched as a top tier insider lowered his stake in the company through multiple transactions officially filed today, August 5th. Chairman, Chief Executive Officer and President Wesley G. Bush disposed of 30,000 shares at an average price of $123.96 per share. After the completion of this filing, Bush has 120,000 shares directly invested in Northrop Grumman Corporation (NYSE:NOC), the $25.59 billion market cap company that provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers.
In addition, multiple hedge funds are involved with the company. Jean-Marie Eveillard‘s First Eagle Investment Management dropped its involvement by a reported 9% last quarter, and now has 5,353,264 shares worth about $660.5 million; while Aqr Capital Management, the hedge fund run by Cliff Asness, rose its activity by 6% last quarter, and now has 1,724,118 shares worth nearly $213 million invested in Northrop Grumman Corporation (NYSE:NOC).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.