NEW YORK, October 12, 2016 /PRNewswire/ --
The global Aerospace and Defense Products and Services segment may have seen declining revenue growth over the past three years, yet it is expected to return to growth this year due to rising travel demand, new technologies, and heightened security threats. As per Deloitte's 2016 sector outlook, total revenues for the Aerospace and Defense space is estimated to jump 3% this year. Ahead of today's trading session, Stock-Callers.com revisits the industry to look at the most recent performances of four equities, namely, The Boeing Co. (NYSE: BA), United Technologies Corp. (NYSE: UTX), Smith & Wesson Holding Corp. (NASDAQ: SWHC), and Raytheon Co. (NYSE: RTN). Download the free research reports on these stocks today: http://stock-callers.com/registration
Chicago, Illinois headquartered The Boeing Co.'s shares saw a decline of 1.55% and finished Tuesday's trading session at $133.74. A total volume of 3.60 million shares was traded, which was above their three months average volume of 3.23 million shares. In the last month and the previous three months, the stock has advanced 2.78% and 3.64%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 1.49% and 4.58%, respectively. Moreover, shares of Boeing, which together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide, have a Relative Strength Index (RSI) of 55.41.
On October 6th, 2016, research firm Robert W. Baird initiated an 'Outperform' rating on the Company's stock, issuing a target price of $161 per share.
On October 11th, 2016, Boeing and Atlas Air Worldwide Holdings announced an order to convert nine 767 passenger airplanes into Boeing Converted Freighters (BCF). Four of the orders were previously announced at the Farnborough International Air show in July, attributed to an unidentified customer. Through its freighter conversion program, Boeing transitions passenger airplanes into freighters, extending the economic life of the airplane. See our free and comprehensive research report on BA at: http://stock-callers.com/registration/?symbol=BA
On Tuesday, shares in Farmington, Connecticut headquartered United Technologies Corp. recorded a trading volume of 4.31 million shares, which was above their three months average volume of 3.16 million shares. The stock ended the session 1.21% lower at $98.77. The Company's shares have gained 4.90% on an YTD basis and are trading 0.15% below their 200-day moving average. Furthermore, shares of United Technologies, which provides technology products and services to building systems and aerospace industries worldwide, have an RSI of 31.91.
On October 6th, 2016, United Technologies announced two related actions that are expected to reduce the overall size of its pension obligations by approximately $1.77 billion. First, United Technologies will transfer approximately $775 million of its outstanding pension benefit obligations under the UTC Employee Retirement Plan and the UTC Represented Employee Retirement Plan to The Prudential Insurance Company of America (PRU). Second, United Technologies has also implemented a program offering certain former U.S. employees or beneficiaries with a vested pension benefit an option to take a one-time lump sum distribution rather than future monthly pension payments.
On October 10th, 2016, research firm Citigroup downgraded the Company's stock rating from 'Buy' to 'Neutral'.UTX free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=UTX
Smith & Wesson
Shares in Springfield, Massachusetts-based Smith & Wesson Holding Corp. closed the day at $25.03, declining 2.19%. The stock recorded a trading volume of 1.19 million shares. The Company's shares have gained 13.88% since the start of this year, and are trading 0.90% below their 200-day moving average. Additionally, shares of Smith & Wesson Holding, which manufactures and sells firearm products and accessories, have an RSI of 34.86.
On October 6th, 2016, research firm Wunderlich downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $36 to $29.Sign up for your complimentary report on SWHC at: http://stock-callers.com/registration/?symbol=SWHC
At the closing bell yesterday, shares in Waltham, Massachusetts headquartered Raytheon Co. ended 0.73% lower at $136.30, and with a total trading volume of 1.19 million shares. The stock has advanced 0.09% in the last one month and 11.90% on an YTD basis. The Company's shares are trading above their 200-day moving average by 5.15%. Furthermore, shares of Raytheon, which develops technologically integrated products, services, and solutions worldwide, have an RSI of 43.05.
On October 6th, 2016, research firm Robert W. Baird initiated an 'Outperform' rating on the Company's stock, issuing a target price of $170 per share.
On October 10th, 2016, Raytheon announced that it is developing new technology to provide comprehensive situational awareness to troops inside windowless armored vehicles, as part of the Defense Advanced Research Projects Agency (DARPA)'s Ground X-Vehicle Technologies program. Register for free on Stock-Callers.com and download the latest research report on RTN at: http://stock-callers.com/registration/?symbol=RTN
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