Latest news with #aerospace
Yahoo
39 minutes ago
- Business
- Yahoo
Buy in August: PPG's Dividend Reliability and Industrial Strength
PPG Industries, Inc. (NYSE:PPG) is included among the 10 Best Dividend Stocks to Buy in August. A close-up of an artist carefully applying a coat of paint to a wood structure. PPG Industries, Inc. (NYSE:PPG) is an American manufacturer of paints and coatings. In May, the company announced plans to invest $380 million in a new aerospace coatings and sealants plant in Shelby, North Carolina. Construction is set to start in October, with completion expected in the first half of 2027. The 198,000-square-foot facility will create over 110 jobs and produce PPG's full range of aerospace coatings and sealants. The company stated that the added production capacity, along with improved transportation access, will enhance supply chain efficiency and customer service. In addition to its strong commitment to growth, PPG Industries, Inc. (NYSE:PPG) is also a strong dividend company. On July 17, it declared a 4.4% hike in its quarterly dividend to $0.71 per share. Through this increase, the company stretched its dividend growth streak to 54 consecutive years, which makes it one of the best dividend stocks on our list. Moreover, PPG has paid regular dividends to shareholders for 54 consecutive years. The stock has a dividend yield of 2.49%, as of July 28. While we acknowledge the potential of PPG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
- Yahoo
HEICO Corporation (HEI) Acquires Gables Engineering
HEICO Corporation (NYSE:HEI) is among the 10 Best Aerospace Stocks to Buy Now. On July 24, the company announced the acquisition of Gables Engineering, Inc., a leading provider of advanced avionics controls, for cash at closing. While further financial details were not stated, HEICO Corporation (NYSE:HEI) said that it expects the acquisition to be accretive to earnings within a year of purchase. The company's Executive Chairman, Laurans A. Mendelson, Eric A. Mendelson, and Victor H. Mendelson, the two co-CEOs, stated the following in a joint statement: 'Gables Engineering is a natural fit for HEICO's culture of performance, innovation, and long-term growth. Located close to HEICO's headquarters and numerous other HEICO facilities, this acquisition reinforces our commitment to investing in high-quality, American manufacturing and engineering excellence.' Gables Engineering performs key manufacturing and engineering functions in its facility in Coral Gables. It is recognized as a pioneering aviation innovator, having developed advanced solutions for several leading aerospace platforms, including Boeing, for which it recently built modern touchscreen cockpit displays for the 737 MAX. HEICO Corporation (NYSE:HEI) is an aerospace and technology company that manufactures jet engines and aircraft parts. It also supports the government through activities such as reverse engineering, manufacturing aircraft engines and parts, and repair and maintenance services. While we acknowledge the potential of HEI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
2 hours ago
- Business
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Truist Securities Hikes Northrop Grumman Corporation (NOC)'s Price Target To $625, Maintains Buy Rating
Northrop Grumman Corporation (NYSE:NOC) is among the 10 Best Aerospace Stocks to Buy Now. On July 23, Truist Securities raised the stock's price target to $625 from $550 and reiterated a Buy rating for its shares. An aeronautics engineer inspecting a model aircraft engine in a factory setting. The adjustment followed the company's second-quarter earnings call, in which it reported strong sequential sales growth and outstanding operating performance, amid robust demand for its military aircraft and defense systems. Truist analysts noted Northrop Grumman Corporation (NYSE:NOC)'s progress on the Sentinel program, the company's long-term growth potential, free cash flow, and the overall positive commentary around the B-21 Raider program as factors behind the price target hike. During the same week, several other leading firms also raised their price targets for Northrop Grumman Corporation (NYSE:NOC). These included Baird, BofA Securities, JPMorgan, and RBC Capital. Northrop Grumman Corporation (NYSE:NOC) is an American aerospace and defense manufacturer. The stock has gained 21% year-to-date, with geopolitical tensions simmering in different parts of the world. While we acknowledge the potential of NOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
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RTX Corporation (RTX) Introduces New Variant of Multispectral Targeting System for Navy Helicopters
RTX Corporation (NYSE:RTX) is among the 10 Best Aerospace Stocks to Buy Now. On July 28, the company announced that its Raytheon business has launched MTS-A HD, a new variant of Multispectral Targeting System, offering significant visual enhancements for maritime helicopter operations. njaj/ This next-generation variant will deliver enhanced targeting precision, expanded operational flexibility, and improved imaging clarity for naval helicopter platforms. RTX Corporation (NYSE:RTX) said it is working with both commercial and industrial partners to accelerate production and reduce system costs of the new variant. MTS-A HD is a new addition to Raytheon's MTS family of sensors, which are already installed on more than 400 American Navy helicopters. The new variant is also attracting international interest from across the world. Bryan Rosselli, President of Advanced Products & Solutions at Raytheon, stated the following on the introduction of the new advanced targeting system: 'Navy helicopter pilots need the clearest possible view when flying in hostile areas. Our new high-definition sensor system provides aircrews with superior visual capability, allowing them to make faster and more informed decisions when it matters most.' RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. The stock has gained 35% year-to-date, as of the close of business on July 28. While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
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Türkiye's TAI and GE Aerospace (GE) Sign Deal to Integrate F404 Engine into HURJET Jet Trainer
GE Aerospace (NYSE:GE) is among the 10 Best Aerospace Stocks to Buy Now. On July 24, the Turkish Aerospace Industries (TAI) announced signing an agreement with the company to strengthen the F404 turbofan engines and any potential future collaborations related to Türkiye's HURJET jet trainer. A huge in-process machining center producing parts for aircraft and aerospace systems. According to reports in the Turkish press, the pact signed in Istanbul during the IDEF International Defense Industry Fair is aimed at using these engines in the HURJET and for the necessary procurement for integration. Another objective is also to get GE Aerospace (NYSE:GE)'s support in the flight test activities of the new prototypes. Moreover, TAI and GE Aerospace (NYSE:GE) have also agreed to undertake additional steps on the maintenance, repair, and overhaul of the F404 engine, the Anadolu Agency reported on Wednesday last week. GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 25,000 military and 45,000 commercial aircraft engines. The stock has surged 62% year-to-date, as of the close of business on July 28. While we acknowledge the potential of GE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None.
