5 Best Space Stocks To Buy According To Hedge Funds

3. Northrop Grumman Corporation (NYSE:NOC)

Number of Q4 2023 Hedge Fund Shareholders: 45

Northrop Grumman Corporation (NYSE:NOC) marks the entry of ‘big space’ in our list of the best space stocks. While it is a diversified defense contractor, the firm operates a cargo ship for NASA and is developing a new rocket system. Its partnership with NASA also saw Northrop Grumman Corporation (NYSE:NOC) finish a new solid rocket booster for testing as part of NASA’s Moon rocket called the Space Launch System (SLS).

By the end of last year’s fourth quarter, 45 out of the 933 hedge funds covered by Insider Monkey’s research were the firm’s investors. Northrop Grumman Corporation (NYSE:NOC)’s biggest stakeholder among these is Donald Yacktman’s Yacktman Asset Management as it owns $189 million worth of shares.

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