Northrop Grumman (NOC) Surged in Q1. Here’s Why
From Yahoo Finance: 2025-05-20 09:11:00
ClearBridge Investments released its “ClearBridge Large Cap Value Strategy” Q1 2025 investor letter, citing a -4.3% decline in the S&P 500 Index due to a tariff war and tech stock shift. The Russell 1000 Value Index outperformed growth. Northrop Grumman Corporation (NYSE:NOC) was highlighted as a top pick, with a market capitalization of $67.81 billion.
In its first-quarter 2025 investor letter, ClearBridge Large Cap Value Strategy discussed Northrop Grumman Corporation (NYSE:NOC) as a strong performer amid geopolitical tensions. The company has shifted away from fixed-price contracts, anticipating margin expansion. European defense spending promises may benefit U.S. defense primes like Northrop Grumman.
Northrop Grumman Corporation (NYSE:NOC) saw a 7% revenue dip in Q1 2025 compared to the previous year. While 54 hedge fund portfolios held the stock in Q4, the focus remains on AI stocks for higher returns. Northrop Grumman Corporation (NYSE:NOC) is not among the 30 most popular stocks among hedge funds. Consider exploring undervalued AI stocks for potential gains.