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Feb. 27, 2017, 11:06 a.m. EST

Trump stokes rally in defense stocks toward record highs

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By Tomi Kilgore

Shares of defense and aerospace companies got a nice lift Monday, after President Donald Trump said his first budget will seek a big boost in defense spending. The iShares U.S. Aerospace & Defense ETF /zigman2/quotes/207320401/composite ITA +0.89% climbed 1.1% toward a record high, with 37 of 39 components trading higher. Trump said he would seek $54 billion in extra spending on defense, to be offset by decreases elsewhere, which he didn't mention. Among the ETF's most heavily weighted components, shares of Boeing Co. /zigman2/quotes/208579720/composite BA +1.15% rallied 1%, of United Technologies Corp. /zigman2/quotes/203237915/composite UTX +0.87% tacked on 0.4%, of Lockheed Martin Corp. /zigman2/quotes/200691238/composite LMT +0.87% rose 1.5%, of General Dynamics Corp. /zigman2/quotes/208560027/composite GD +1.02% gained 0.5% and of Raytheon Co. /zigman2/quotes/203226062/composite RTN +0.98% tacked on 1.4%. Of those five stocks, only United Technologies' wasn't trading in record territory. The biggest gainer within the ETF was Triumph Group Inc.'s stock /zigman2/quotes/210055594/composite TGI +0.35% , which shot up 3.4%. The only components not gaining were ManTech Interational Corp. /zigman2/quotes/207993719/composite MANT +1.24% , which was down 0.5%, and TransDigm Group Inc. /zigman2/quotes/203902625/composite TDG +0.0018% , which eased less than 0.1%. The sector ETF has now run up 17% since the election while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.77% has rallied 11%.

/zigman2/quotes/207320401/composite
US : U.S.: Cboe BZX
$ 233.69
+2.06 +0.89%
Volume: 116,585
Nov. 15, 2019 4:00p
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 371.68
+4.24 +1.15%
Volume: 5.37M
Nov. 15, 2019 4:00p
P/E Ratio
57.00
Dividend Yield
2.21%
Market Cap
$204.01 billion
Rev. per Employee
$660,961
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/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 149.40
+1.29 +0.87%
Volume: 1.62M
Nov. 15, 2019 3:59p
P/E Ratio
25.24
Dividend Yield
1.97%
Market Cap
$128.01 billion
Rev. per Employee
$277,021
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/zigman2/quotes/200691238/composite
US : U.S.: NYSE
$ 393.55
+3.39 +0.87%
Volume: 822,915
Nov. 15, 2019 3:59p
P/E Ratio
18.70
Dividend Yield
2.44%
Market Cap
$109.36 billion
Rev. per Employee
$512,019
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/zigman2/quotes/208560027/composite
US : U.S.: NYSE
$ 187.08
+1.89 +1.02%
Volume: 910,034
Nov. 15, 2019 3:59p
P/E Ratio
16.21
Dividend Yield
2.18%
Market Cap
$53.44 billion
Rev. per Employee
$342,737
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/zigman2/quotes/203226062/composite
US : U.S.: NYSE
$ 218.82
+2.12 +0.98%
Volume: 1.05M
Nov. 15, 2019 3:59p
P/E Ratio
18.72
Dividend Yield
1.72%
Market Cap
$59.98 billion
Rev. per Employee
$403,851
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/zigman2/quotes/210055594/composite
US : U.S.: NYSE
$ 28.50
+0.10 +0.35%
Volume: 429,336
Nov. 15, 2019 3:59p
P/E Ratio
N/A
Dividend Yield
0.56%
Market Cap
$1.43 billion
Rev. per Employee
$246,716
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/zigman2/quotes/207993719/composite
US : U.S.: Nasdaq
$ 78.46
+0.96 +1.24%
Volume: 426,735
Nov. 15, 2019 4:00p
P/E Ratio
33.69
Dividend Yield
1.38%
Market Cap
$3.09 billion
Rev. per Employee
$251,097
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/zigman2/quotes/203902625/composite
US : U.S.: NYSE
$ 559.78
+0.01 +0.0018%
Volume: 338,279
Nov. 15, 2019 4:01p
P/E Ratio
41.90
Dividend Yield
0.00%
Market Cap
$29.31 billion
Rev. per Employee
$391,730
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/zigman2/quotes/210599714/realtime
US : S&P US
3,120.46
+23.83 +0.77%
Volume: 1.84B
Nov. 15, 2019 4:16p
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