Don't Buy SpaceX Until You Consider These 2 Aerospace and Defense Stocks With 10% EPS Growth
Howmet Aerospace and TransDigm Group have each achieved triple-digit EPS growth over the past five years.
Overview
Space Exploration Technologies, better known as SpaceX, had a huge initial public offering (IPO) earlier this month, making founder Elon Musk the first trillionaire. However, since its splashy debut, the stock had fallen to $147.11 on June 23 and, even after a rebound, is below its opening day's closing price of $160.95.
The sky isn't the limit for aerospace and defense industry stocks, and there are several less-risky stocks than SpaceX, including companies with strong track records of earnings-per-share (EPS) growth.
Details
Howmet Aerospace (NYSE: HWM) and TransDigm Group (NYSE: TDG) have earnings growth profiles that easily outpace larger aerospace and defense companies. Over the past five years, Howmet's EPS have risen by more than 540% while TransDigm's have jumped more than 270%.
Source
Originally published at www.fool.com.
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