|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||81.33 - 81.86|
|52 Week Range||56.31 - 82.65|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Honeywell stock is moving on reports that it's spinning off non-core assets to create two new public companies. Yahoo Finance’s Jen Rogers, Andy Serwer, and Melody Hahm discuss what the move means for the industrial giant.
New boutique investment firm Melius Research launched coverage of the aerospace and defense sectors, led by analyst Carter Copeland, who prefers the former to the latter. Copeland initiated coverage of ...
Shares of companies with ties to U.S. defense spending, including Lockheed Martin (LMT) and Boeing (BA), fell on Monday despite newly intensified rhetoric from North Korea regarding the possibility of war with the U.S.
Cash flows are becoming increasingly important to aerospace and defense investors compared to earnings, writes Vertical Research Partners’ Rob Stallard in his latest note. Stallard writes that part of the problem is the increase—he uses the phrase “unchecked rise”—of companies using their own definitions of earnings rather than GAAP (generally accepted accounting principles) earnings. Stallard writes that he prefers to stick to traditional P/Es where they make sense, and he thinks this is the case for most defense stocks (even though they are trading near cycle highs, given the strong outlook for defense spending).
The Zacks Analyst Blog Highlights: iShares US Aerospace & Defense, PowerShares Aerospace & Defense Portfolio and SPDR S&P Aerospace & Defense
Several aerospace and defense exchange traded funds raced to record highs Monday following reports that Northrop Grumman Corp. agreed to buy Orbital ATK Inc. for $7.8 billion, but there are more catalysts ...
Aerospace and defense ETFs jumped Monday as the Senate is widely expected to pass a $700 billion defense policy bill to bolster the Pentagon's budget, stop the closure of military bases and expand on U.S. ...
Aerospace and defense company stocks got a boost Monday morning on news of Northrop Grumman's (NOC) $7.8 billion acquisition of Orbital ATK (OA). Barron's Jack Hough, who wrote the cover story about the ...
Boeing (BA) stock climbed yesterday on news that it would increase its production of 787 aircraft. SunTrust Robinson Humphrey's Michael Ciarmoli and Les Sulewski write that given there recent slump in wide-body planes, they, and many others, expected the company would more likely maintain or cut their production. While we continue to struggle with current valuations (NTM PE multiple at 19.2x representing a multi-year high) and believe Boeing's decision to plow forward with higher rates may ultimately saturate the market, we believe this news may breathe more life into the aero exposed OE names.
Some of this year's best-performing industry exchange traded funds include aerospace and defense ETFs. For example, the iShares U.S. Aerospace & Defense ETF (BATS: ITA) , the largest fund in the group, ...
Morgan Stanley’s Eva Zlotnicka and her team think that (at least part of) the answer is to link executive pay packages to long-term outcomes. The SPDR S&P Aerospace & Defense ETF (XAR) is up 19% this year, while the SPDR S&P Transportation (XTN) is up just over 8%.
Canaccord's Ken Herbert and Jamaine Aggrey check in with the airline industry today, writing that the current outlook for overall capacity growth of about 6% "leaves no margin for error" for the aerospace industry. Passenger traffic continues to track above its historical 5% average growth, but they warn that lower fuel prices make older planes more attractive for current and future capacity requirements, which could put pressure on the delivery of new planes. Of course, demand for air travel remains high, with global passenger traffic ahead of expectations this year, up 7.7%, but there's reason to worry about the supply-demand balance in commercial aerospace.
Wells Fargo’s Sam Pearlstein and his team take a look at the aerospace and defense sector ahead of the third quarter earnings season: As companies often provide a first-pass at the year ahead of third-quarter conference calls, they write that it’s a good time to review consensus expectations. Pearlstein writes that he thinks consensus revenue growth for 2018 could be on the high side for Northrup Grumman (NOC) and Lockheed Martin (LMT), and margin expectations for Raytheon (RTN) could also be too “aggressive.” That said, he writes that these stocks don’t tend to move on revenues, as most investors focus on EPS and cash flow expectations, and he’s not changing his estimates. Overall, he sees positive trends supporting the defense sector, as budgets increase and there’s no shortage of geopolitical threats.
With United Technologies’ (UTX) upcoming acquisition of Rockwell Collins (COL), investors may be excited for more deals in the space. Analyst Joseph DeNardi and his team take a look at the sector in light of the UTX-COL deal, writing that it should be largely neutral for other defense names. While deals can spur other deals, in this case they write that the strategic rationale for the acquisition is largely focused on the commercial aerospace business, and United Technologies’ desire to regain leverage against rivals like Boeing (BA) and Airbus.
Shares of companies with ties to U.S. defense spending, including Raytheon (RTN), jumped on Tuesday as tensions surrounding North Korea escalated once again, this time in the wake of a missile launch over Japan.
In response to North Korea's latest saber rattling, aerospace and defense sector-related exchange traded funds climbed, reacting to the latest missile launch fired towards Northern Japan. On Monday, the ...
Should a time-traveling investor visiting Kitty Hawk shoot the Wright brothers down? Stifel's Savanthi Syth and Matt Roberts say no, although after a very trying period for airline stocks, they wouldn't blame investors for being tempted to take aim. Southwest (LUV) has carved out a 5.7% gain. See related post: Why Airlines Could Climb50% Growing Traffic May Not Actually Be Helping Airlines Airlines: Private Equity’s Next Target?
MKM Partners’ Michael Darda takes a look at the airline sector today, writing that it has now entered “full-blown ‘correction’ territory.” Through the close yesterday, the group has plummeted almost 16% ...