Latest news with #Heelan
CNBC
11-08-2025
- Business
- CNBC
European defense giants could be about to get another big push higher, Bank of America says
European defense stocks could be set for another big tailwind, according to an analyst who says the sector is about to see a surge in demand from one particular pocket of the market. Speaking to CNBC's "Squawk Box Europe" on Thursday, Ben Heelan, Bank of America's head of EU industrials research, said his team expects European long-only investors are yet to buy into the defense space. Many ESG funds, which have historically swerved defense investments, appear to have shifted their stance on the sector amid rising geopolitical instability and commitments from Western governments to grow their security budgets. Heelan pointed to this trend as a potential driver of more growth among already booming defense names. "I think what we've seen actually is, if you speak to some of these investors that had previously been restricted, they're no longer restricted, but in order to be able to buy those assets within their funds, they need to update all the fund documents," he explained. "They need to notify their clients what they're planning on doing. So we actually did some benchmarking of the flow situation a couple of weeks ago with our team here. And actually, we don't think that the weighting for ESG funds in Europe has actually shifted that much, which I think is very interesting — we do feel as though a lot of that re-weighting of the European ESG asset basis is still to come." European defense stocks have had a year of blockbuster growth, amid commitments from regional governments and the NATO military alliance — whose members are largely European nations — to drastically ramp up defense spending. The Stoxx Europe Aerospace and Defense index has gained 50% since the beginning of 2025, with the top performers seeing their valuations swell dramatically. Shares of French maritime robotics firm Exail Technologies , for example, have surged 581% over the course of the year. Meanwhile, German defense contractors Renk , Rheinmetall and Hensoldt are up 235%, 164% and 147%, respectively. EXA-FR RHM-DE,R3NK-FF,HAG0-FF YTD line European defense stocks However, regional defense stocks have been selling off over the past three sessions, as a planned meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raised hopes of an end to the Ukraine war. "The reality is, you've seen a lot of hedge funds [and] macro funds being involved in these names. What we've seen over the past month has been a lot of de-grossing. So, some funds have just made a lot of money in the first six months," Bank of America's Heelan told CNBC on Thursday. He added that many defense stocks had recorded massive gains simply on expectations of big orders coming through from regional governments, and suggested that the materialization of those orders may help support the growth story. "The orders in Germany, they're really going to start hitting the backlogs of companies," he said. "So we're in this period where we have very, very high valuations in the short term, because we're expecting this significant trajectory of growth through to the end of this decade."
Business Insider
29-06-2025
- Business
- Business Insider
Bank of America Securities Remains a Buy on Siemens Energy (SMEGF)
Bank of America Securities analyst Benjamin Heelan maintained a Buy rating on Siemens Energy (SMEGF – Research Report) on June 26 and set a price target of €94.00. The company's shares closed yesterday at $112.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Heelan covers the Industrials sector, focusing on stocks such as Rheinmetall, Nordex, and Airbus Group SE. According to TipRanks, Heelan has an average return of 9.1% and a 46.77% success rate on recommended stocks. In addition to Bank of America Securities, Siemens Energy also received a Buy from Morgan Stanley's Max Yates in a report issued on June 26. However, yesterday, DZ BANK AG maintained a Sell rating on Siemens Energy (Other OTC: SMEGF). SMEGF market cap is currently $88.43B and has a P/E ratio of 415.58. Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMEGF in relation to earlier this year.
Yahoo
21-03-2025
- General
- Yahoo
Bishop Heelan students pack 120,000 meals for families overseas
SIOUX CITY, Iowa (KCAU) — Students from Bishop Heelan had a busy day Thursday, helping feed the less fortunate for the 'Feed Just One More' project. Students from 5th grade through 12th worked together to pack 120,000 meals, which will all be sent overseas to provide food for families. The meals include rice, veggies and more in every bag, and each bag contains six meals. Community Action Agency of Siouxland providing food assistance to daycares The students had an assembly line to quickly put meals together. 'There is a box number thing, and once it gets all filled out, you put it into a box and then you tape it,' 7th grade student Vivian Youngblade said. Working efficiently was not the only thing students learned. 'It's important because it get us kids to know that helping others is a good deed, and that it really helps those that are in need,' 7th grade student Evelyn Shetler said. The project has been part of Bishop Heelan's goal of doing community service for more than a decade. 'We came upon this about 15 years ago,' event organizer and volunteer Mary Jayne Mousel said. '[Gehlen Catholic in Le Mars] was doing it, so I went up and checked it out. I thought, we could do this at Heelan, and that's how we got started.' Mousel says the project leaves students with a lasting impression. Remarkable Women: Mary Jayne Mousel spreading joy in the community 'it's cool when I have alumni come back and say, 'can I come help work, because I did it as a student and I really liked it, so can I come work now as an adult?' So that's pretty cool that they come back,' Mousel said. The meals packed at Bishop Heelan will be shipped to Honduras, along with meals packed by students at Gehlen Catholic school in Le Mars. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
