Cowen said Textron Inc. (NYSE:TXT)’s Bizjet pre-owned data continued the positive trend in recent months. The firm believes low-mid bizjet demand is on the upswing which bolsters a potential recovery at Cessna. Shares are Outperform rated with a $47 price target. Textron Inc. (NYSE:TXT) net profit margin is 4.10% and weekly performance is 1.98%. On last trading day company shares ended up $39.22. Analysts mean target price for the company is $43.33. Textron Inc. (NYSE:TXT) distance from 50-day simple moving average (SMA50) is 0.56%.
Northrop Grumman Corporation (NYSE:NOC) will conduct its annual shareholders meeting Wednesday, May 21. The meeting, which includes a presentation by Wes Bush, chairman, chief executive officer and president, will be webcast beginning at 8 a.m. Eastern Northrop Grumman Corporation (NYSE:NOC) shares fell -0.26% in last trading session and ended the day on $118.88. NOC Gross Margin is 22.30% and its return on assets is 7.60%. Northrop Grumman Corporation (NYSE:NOC) quarterly performance is -0.65%.
On April 22, GenCorp Inc. (NYSE: GY) said it has entered into a USD100m subordinated delayed draw term loan credit facility. GenCorp intends to use borrowings under the new subordinated credit facility for a variety of purposes which may include refinancing of existing debt, repurchasing common equity, working capital and general corporate purposes. Gencorp Inc (NYSE:GY) shares moved up 1.02% in last trading session and was closed at $17.89, while trading in range of $17.64 – $17.90. Gencorp Inc (NYSE:GY) year to date (YTD) performance is -0.72%.
Erickson Inc (NASDAQ:EAC) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for EAC broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. Erickson Inc (NASDAQ:EAC) ended the last trading day at $15.22. Company weekly volatility is calculated as 3.53% and price to cash ratio as 6.62. Erickson Inc (NASDAQ:EAC) showed a positive weekly performance of 1.47%.
Micronet Enertec Technologies Inc (NASDAQ:MICT) announced that its subsidiary Micronet, received accumulated $1.4 million in orders for its new A317 rugged mobile computing device from a new MRM customer. Micronet Enertec Technologies Inc (NASDAQ:MICT) ended the last trading day at $3.81. Company weekly volatility is calculated as 3.42% and price to cash ratio as 1.12. Micronet Enertec Technologies Inc (NASDAQ:MICT) showed a negative weekly performance of -4.03%.
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