Aerospace Stocks: Textron (NYSE:TXT), Northrop Grumman Corporation (NYSE:NOC), Gencorp Inc (NYSE:GY), Erickson Inc (NASDAQ:EAC), Micronet Enertec Technologies Inc (NASDAQ:MICT)

Textron Inc. (NYSE:TXT), announced this week it has bought California-based ProFlight LLC, which specializes in pilot training for Cessna’s Citation CJ series. Textron Inc. (NYSE:TXT), net profit margin is 3.80% and weekly performance is 0.74%. On last trading day company shares ended up $38.33. Analysts mean target price for the company is $43.58. Textron Inc. (NYSE:TXT), distance from 50-day simple moving average (SMA50) is -2.25%.

On July 01, 2014, Northrop Grumman Corporation (NYSE:NOC), received a multi-year contract for producing 25 more E-2D Advanced Hawkeye aircrafts, at a fixed price of $3.6 billion. The new order will put the total supply of the Hawkeye at 50 units. Northrop Grumman Corporation (NYSE:NOC), advanced 1.21% in last trading session and ended the day on $121.19. NOC, Gross Margin is 22.30% and its return on assets is 7.60%. Northrop Grumman Corporation (NYSE:NOC), quarterly performance is -2.49%.

On July 01, 2014, Aerojet Rocketdyne, a Gencorp Inc (NYSE:GY), company, and the City of Folsom have completed infrastructure improvements that are designed to preserve the water capacity of Lake Folsom by using treated groundwater for the company’s industrial water system. The improvements include upgrades to a groundwater treatment plant and the construction of an interim pipeline, which will supply about two million gallons of water per day to Aerojet Rocketdyne while reducing the amount of water the city supplies to the company by two thirds. Gencorp Inc (NYSE:GY), shares moved up 0.58% in last trading session and was closed at $19.00, while trading in range of $18.88 – 19.04. Gencorp Inc (NYSE:GY), year to date (YTD) performance is 5.44%.

Equities research analysts at BWS Financial started coverage on shares of Erickson Inc (NASDAQ:EAC), in a research note issued to investors on Friday,TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. BWS Financial’s price objective would indicate a potential upside of 111.81% from the company’s current price. Erickson Inc (NASDAQ:EAC), ended the last trading day at $15.84. Company weekly volatility is calculated as 11.25% and price to cash ratio as 68.36. Erickson Inc (NASDAQ:EAC), showed a negative weekly performance of -13.16%.

Micronet Enertec Technologies Inc (NASDAQ:MICT), said its subsidiary, Micronet Ltd., has appointed Shai Lustgarten as CEO of Micronet Ltd., effective July 1, 2014. Micronet Enertec Technologies Inc (NASDAQ:MICT), net profit margin is -1.30% and weekly performance is 12.56%. On last trading day company shares ended up $4.57. Analysts mean target price for the company is $5.70. Micronet Enertec Technologies Inc (NASDAQ:MICT), distance from 50-day simple moving average (SMA50) is 13.21%.