NEW YORK, September 12, 2016 /PRNewswire/ --
The global Aerospace and Defense Products and Services sector is anticipated to a return to growth this year due to increases in the U.S. defense budget, a resurgence of global security threats, and growth in defense budgets of key nations. Total sector revenues are also forecasted to grow at 3%, according to Deloitte Global earlier this year. Today, Stock-Callers.com is assessing four Aerospace and Defense equities to see if they are poised for substantial long-term returns: Lockheed Martin Corp. (NYSE: LMT), TASER International Inc. (NASDAQ: TASR), Orbital ATK Inc. (NYSE: OA), and Hexcel Corp. (NYSE: HXL). Learn more about these stocks by downloading their free report at:
Last Friday, shares in Bethesda, Maryland headquartered Lockheed Martin Corp. ended the session 1.53% lower at $237.94. The stock recorded a trading volume of 1.57 million shares. The Company's shares have advanced 11.92% since the start of this year. The stock is trading 4.19% above its 200-day moving average. Moreover, shares of Lockheed Martin, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide, have a Relative Strength Index (RSI) of 28.29.
On September 06th, 2016, research firm Citigroup resumed its 'Buy' rating on the Company's stock.
On September 07th, 2016, Lockheed Martin signed a wide ranging Letter of Intent (LoI) with Poland's state owned defense company Polska Grupa Zbrojeniowa (PGZ). The LoI builds on an agreement inked by PZL Mielec, a Lockheed Martin company, and PGZ at the Farnborough International Air Show, in late July. It includes involvement in the Medium Extended Air Defense System (MEADS). The free research report on LMT is available at:
Scottsdale, Arizona headquartered TASER International Inc.'s stock fell 2.63%, to close the day at $25.18 with a total volume of 889,267 shares traded. The Company's shares have gained 10.63% in the previous three months and 45.63% on an YTD basis. The stock is trading 20.09% above its 200-day moving average. Additionally, shares of TASER International, which develops, manufactures, and sells conducted electrical weapons worldwide, have an RSI of 25.07.
On September 06th, 2016, Axon Public Safety Canada Inc., a wholly owned subsidiary of TASER International, announced a ground breaking partnership with the Canadian Centre of Public Safety Excellence (CCPSE). The partnership will provide the CCSPE with access to a wide range of technology including Axon body-worn cameras and the Canadian cloud-based digital evidence management platform. The complimentary report on TASR can be downloaded at:
Shares in Dulles, Virginia headquartered Orbital ATK Inc. recorded a trading volume of 506,215 shares at the close of the last trading session. The stock ended the day 1.08% lower at $75.14. The Company's shares have advanced 6.56% in the last one month and are trading below their 50-day moving average by 7.37%. Furthermore, shares of Orbital ATK, which develops and produces aerospace, defense, and aviation-related products to the U.S. Government, allied nations, prime contractors, and other customers in the US and internationally, have an RSI of 42.60.
On August 10th, 2016, Orbital ATK announced preliminary unaudited financial results for Q2 2016. The company also announced that it will delay the filing of its Quarterly Report on Form 10-Q for Q2 due to an ongoing review of accounting matters related to a Defense Systems Group contract. Orbital ATK reported revenues of $1,052 million for Q2 2016, compared to $1,077 million in Q2 2015. The company reported GAAP earnings per diluted share of $1.23 in Q2 2016, compared to $0.92 in Q2 2015.
On September 01st, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $100 per share. Visit us today and download our complete research report on OA for free at:
Stamford, Connecticut-based Hexcel Corp.'s shares finished Friday's session 3.10% lower at $44.06 with a total volume of 442,185 shares traded. The stock has advanced 0.16% in the last one month and 2.61% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 0.90% and 1.50%, respectively. Furthermore, shares of Hexcel, which together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets, have an RSI of 45.33.
As per notes filed with the SEC, on September 7th, 2016, Hexcel entered into a separation and consulting agreement with Ira J. Krakower, its Executive Vice President, General Counsel & Secretary. Pursuant to the agreement, Mr. Krakower will remain an active employee of the Company until March 31st, 2017, and will retain his current title during this period until such time as a new Executive Vice President, General Counsel & Secretary is appointed. Get free access to your technical report on HXL at:
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