Erste Asset Management GmbH Increases Stock Position in Northrop Grumman Corporation $NOC

Erste Asset Management GmbH significantly increased its stake in Northrop Grumman Corporation by 729.9% in Q3, now holding 2,000 shares valued at $1,191,000. Northrop Grumman exceeded quarterly earnings expectations with $7.23 EPS and $11.71 billion in revenue, and has a “Moderate Buy” consensus rating with an average target price of $693.60. Institutional investors own a large portion of the stock, while insiders have sold approximately $22 million in shares over the last three months, and the company has declared a $2.31 quarterly dividend.

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