Some of the defense and aerospace stocks have been moving during the last week, such as Northrop Grumman Corp. (NOC) which is up over 17% during the last week versus the Dow Jones Industrial Average, which was up less than 1%. Raytheon (RTN) was up 2% during the last week. According to the list of defense and aerospace stocks at WallStreetNewsNetwork.com, there are a dozen companies, with half paying dividends.
Northrop Grumman is a provider of aerospace products, electronics, and shipbuilding to the military, government, and commercial customers. The stock trades at 14 times trailing earnings, and 13 times forward earnings. The stock sports a yield of 2.3%. Earnings were up 18.4% for the latest reported quarter, on a 4.2% drop in revenues.
Raytheon has six divisions: Integrated Defense Systems, Intelligence and Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems, and Technical Services. The stock has a price to earnings ratio of 15, a forward PE of 12, and pays a yield of 2.5%. Quarterly earnings were up 22% on a 6% reduction in revenues.
Lockheed Martin Corporation (LMT) manufactures military aircraft, and air vehicles, including the F-35 Joint Strike Fighter, the F-22 air dominance attack aircraft, and the F-16 multi-role fighter. The stock has a PE of 16, a forward PE of 14, and pays a yield of 3.2%. Earnings were up 22.6% for the latest quarter.
For a list of a dozen defense and aerospace stocks which has the symbol, PE, forward PE, yield, and country, go to WallStreetNewsNetwork.com.
Disclosure: Author did not own any of the above at the time the article was written.
By Stockerblog.com
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