Thursday, January 23, 2014

32 Largest US Aerospace/Defense Corps Average Stock Prices Down 55% Due to Financial Meltdown Spillover Effects, Then Up 381% Under Obama and the US Fed

I found 32 US Aerospace/Defense Corps in Yahoo Finance's Industrial Goods Sector  with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 22, 2014.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 32 largest US Aerospace/Defense Companies had their average stock prices drop by a huge 55% from December 31, 2007 during President Bush's second Presidential term, and very early in President Obama's first term on March 6, 2009, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 32 largest US Aerospace/Defense Corps have increased by a very impressive 381% through January 22, 2014.
 
Clearly, the investors in and employees of these 32 US Aerospace/Defense Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

But on the downside, how could the US Congress refuse to extend Unemployment Benefits, when at the same time, they have no problem with these US Defense Contractors having their stock prices appreciate so very robustly, all on the US Government's dime?  And also when the controls of monies spent by the US Government on US Federal Contracts are so severely deficient?
  
Below here are the market prices of each of these 32 largest US Aerospace/Defense Companies on January 22, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 22, 2014:







Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to



1-22-14 3-6-09 12-31-07 1-22-14 3-6-09








Aerospace/Defense






Astronics East Aurora NY       63.13       4.48      14.75 1310% -70%
B/E Aerospace Wellington FL       86.57       6.51      52.90 1230% -88%
Textron Providence RI       38.00       3.75      71.30 913% -95%
Hexcel Stamford CT       46.40       4.76      24.28 875% -80%
GenCorp Rancho Cordova CA       17.65       2.00      11.66 783% -83%
Sturm Ruger Southport CT       78.50      10.32       8.28 661% 25%
HEICO Hollywood FL       59.37       9.40      22.32 532% -58%
TransDigm Group Cleveland OH      176.11      30.94      45.17 469% -32%
Esterline Technologies Bellevue WA      109.70      20.89      51.75 425% -60%
Woodward Fort Collins CO       44.83       9.08      33.98 394% -73%
TASER Intl Scottsdale AZ       18.00       3.65      14.39 393% -75%
Triumph Group Berwyn PA       78.97      16.26      41.18 386% -61%
Boeing Chicago IL      144.37      30.10      87.46 380% -66%
Teledyne Technologies Thousand Oaks CA       96.20      22.29      53.33 332% -58%
Spirit AeroSystems Holdings Wichita KS       35.89       8.32      34.50 331% -76%
CPI Aerostructures Edgewood NY       14.75       3.75       8.70 293% -57%
Kaman Corp Bloomfield CT       40.18      10.29      36.81 290% -72%
Northrop Grumman Falls Church VA      120.32      31.33      71.34 284% -56%
Moog Inc East Aurora NY       68.81      18.51      45.81 272% -60%
Smith & Wesson  Springfield MA       14.21       4.43       6.10 221% -27%
Rockwell Collins Cedar Rapids IA       79.19      28.35      71.97 179% -61%
General Dynamics Falls Church VA       99.65      36.49      88.99 173% -59%
Lockheed Martin Bethesda MD      156.65      58.85    105.26 166% -44%
Raytheon Waltham MA       92.45      34.88      60.70 165% -43%
Ducommun Inc Carson CA       29.87      11.96      38.00 150% -69%
LMI Aerospace St Charles  MO       13.84       6.39      26.51 117% -76%
Alliant Techsystems Arlington VA      133.74      63.40    113.76 111% -44%
Orbital Sciences Dulles VA       25.38      12.18      24.52 108% -50%
L-3 Communications New York NY      108.62      56.30    101.61 93% -45%
Innovative Solutions & Support Exton PA         7.34       3.96       9.69 85% -59%
FLIR Systems Wilsonville OR       34.17      19.59      31.30 74% -37%
AeroVironment Monrovia CA       30.98      31.78      24.20 -3% 31%








Average % Change all 32




381% -55%