In this article, we discuss the 5 war stocks that U.S. House Members have huge stakes in. If you want to read about some war stocks popular in the House, go directly to U.S. House Members Have Huge Stakes in These 10 War Stocks.
5. Booz Allen Hamilton Holding Corporation (NYSE:BAH)
Number of Hedge Fund Holders: 25
Booz Allen Hamilton Holding Corporation (NYSE:BAH) provides technology consultancy to the defense industry. Hedge funds have been loading up on the stock. At the end of the fourth quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $193 million in Booz Allen Hamilton Holding Corporation (NYSE:BAH), compared to 23 in the preceding quarter worth $198 million.
On March 1, US House member Diana Harshbarger revealed that she had bought Booz Allen Hamilton Holding Corporation (NYSE:BAH) stock worth somewhere around $1,000 to $15,000. The transaction in this regard took place in late January.
4. Huntington Ingalls Industries, Inc. (NYSE:HII)
Number of Hedge Fund Holders: 23
Analysts expect Huntington Ingalls Industries, Inc. (NYSE:HII) provides services for military ships. At the end of the fourth quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $199 million in Huntington Ingalls Industries, Inc. (NYSE:HII), compared to 15 in the preceding quarter worth $163 million.
On March 21, US House member Michael McCaul disclosed a purchase of Huntington Ingalls Industries, Inc. (NYSE:HII) stock worth around $1,000 to $15,000. The actual purchase was dated mid February.
3. Northrop Grumman Corporation (NYSE:NOC)
Number of Hedge Fund Holders: 33
Northrop Grumman Corporation (NYSE:NOC) is an aerospace and defense firm. Hedge funds have been bullish on the stock in recent months. At the end of the fourth quarter of 2021, 33 hedge funds in the database of Insider Monkey held stakes worth $561 million in Northrop Grumman Corporation (NYSE:NOC), up from 29 in the preceding quarter worth $910 million.
In late December, US House member Walter Schrader revealed a purchase of Northrop Grumman Corporation (NYSE:NOC) worth somewhere around $1,000 to $15,000. The transfer of money in this context took place a month before it was made public.
Among the hedge funds being tracked by Insider Monkey, Texas-based investment firm Yacktman Asset Management is a leading shareholder in Northrop Grumman Corporation (NYSE:NOC) with 442,198 shares worth more than $171 million.
In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Northrop Grumman Corporation (NYSE:NOC) was one of them. Here is what the fund said:
“New purchases include Northrop Grumman Corporation (NYSE:NOC). Northrop Grumman is a leader in manned aircraft, unmanned aircraft, spacecraft and missile-defense systems. We initiated a position in November 2020, as we believe the name is trading at an undeserved discount, despite having the potential to accelerate revenue over the next 24 months. In 2020, Northrop Grumman Corporation (NYSE:NOC) signed a contract to work with the US Air Force on their Ground Based Strategic Deterrent (GBSD) and B21 bomber. We believe the company’s portfolio is well-positioned with a highly desirable space segment business, significant classified content and GBSD driving growth. While the market has been focused on a “blue wave” risk to the defense budget, the industry is typically driven by threat assessment rather than budget constraints. If budget cuts were ever to affect the US Army, that customer represents less than 10% of the company’s revenue. This reinforces our belief that Northrop Grumman Corporation (NYSE:NOC) is well-positioned for the future and trades at an attractive valuation.”
2. General Dynamics Corporation (NYSE:GD)
Number of Hedge Fund Holders: 48
General Dynamics Corporation (NYSE:GD) is an aerospace and defense firm. On February 9, US House member Rohit Khanna disclosed a purchase of the stock worth somewhere between $15,000 to $50,000. The transaction for the purchase took place on January 11.
It is one of the top defense stocks on Wall Street. At the end of the fourth quarter of 2021, 48 hedge funds in the database of Insider Monkey held stakes worth $7.1 billion in General Dynamics Corporation (NYSE:GD), compared to 36 in the preceding quarter worth $6.7 billion.
1. Lockheed Martin Corporation (NYSE:LMT)
Number of Hedge Fund Holders: 42
Lockheed Martin Corporation (NYSE:LMT) is a security and aerospace firm. It is one of the favorite defense stocks in the hedge fund universe. Among the hedge funds being tracked by Insider Monkey, New York-based firm Millennium Management is a leading shareholder in Lockheed Martin Corporation (NYSE:LMT) with 399,809 shares worth more than $142 million.
On March 7, US House member Marjorie Greene disclosed a purchase of Lockheed Martin Corporation (NYSE:LMT) stock worth around $1,000 to $15,000.
In its Q4 2021 investor letter, Vltava Fund, an asset management firm, highlighted a few stocks and Lockheed Martin Corporation (NYSE:LMT) was one of them. Here is what the fund said:
“Of course, not all of our companies are doing better than we expected. Lockheed Martin Corporation (NYSE:LMT) fell somewhat short of our expectations last year. In the cases of Lockheed disruptions in the supply and logistics chains. Lockheed Martin Corporation (NYSE:LMT) uses a great many subcontractors from various countries and could not avoid issues with continuity of supplies. As a result, production will be slightly lower than we had expected.”
You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.
