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  • Tuesday, April 30, 2024

May 9 Morning Report: GovCon Index Posts Gain on US Buying Activity, Earnings Reports


GovConIndexUPThe GovCon Index closed Friday with a 0.634-point increase to 7.206 amid buying activity in U.S. financial markets.

The GCI also posted a weekly gain of 0.845 points as earnings reports from contractors over the past week — including Huntington Ingalls Industries (NYSE: HII),  Engility Holdings (NYSE: EGL),  ICF International (Nasdaq: ICFI),  Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) – exceeded analyst expectations.

 

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
HII Huntington Ingalls Industries 155.20 +4.07 +2.69%
EGL Engility Holdings 21.65 +2.44 +12.70%
NOC Northrop Grumman* 214.10 +2.17 +1.02%
LMT Lockheed Martin* 240.26 +2.12 +0.89%
CACI CACI International 95.35 +1.87 +2.00%

* Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
EGL Engility Holdings 21.65 +2.44 +12.70%
ICFI ICF International 39.57 +1.19 +3.10%
CAE CAE 11.89 +0.32 +2.77%
MMS Maximus 53.92 +1.43 +2.72%
HII Huntington Ingalls Industries 155.20 +4.07 +2.69%

Market Summary

Advancing GovCon Index Issues 23
Declining GovCon Index Issues 7
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 77.206 +0.634 +0.828%
S&P 500 2, 057.14 +6.51 +0.32%
Dow Jones Industrial Average 17, 740.63 +79.92 +0.45%
NASDAQ 4, 736.15 +19.06 +0.40%

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