Spirit AeroSystems Holdings Inc. (SPR): Today's Featured Aerospace/Defense Laggard

Spirit AeroSystems Holdings was a leading decliner within the aerospace/defense industry, falling $1.07 (-4.1%) to $24.92 on average volume
By TheStreet Wire ,

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Spirit AeroSystems Holdings

(

SPR

) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Spirit AeroSystems Holdings fell $1.07 (-4.1%) to $24.92 on average volume. Throughout the day, 1,749,496 shares of Spirit AeroSystems Holdings exchanged hands as compared to its average daily volume of 1,320,000 shares. The stock ranged in price between $24.85-$25.80 after having opened the day at $25.80 as compared to the previous trading day's close of $25.99. Other companies within the Aerospace/Defense industry that declined today were:

Frontline

(

FRO

), down 4.7%,

Esterline Technologies

(

ESL

), down 1.9%,

AAR

(

AIR

), down 1.7% and

FLIR Systems

(

FLIR

), down 1.7%.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. Spirit AeroSystems Holdings has a market cap of $3.0 billion and is part of the industrial goods sector. Shares are up 53.2% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Spirit AeroSystems Holdings a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Spirit AeroSystems Holdings

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front,

Triumph Group

(

TGI

), up 2.5%,

TAT Technologies

(

TATT

), up 2.3% and

Sifco Industries

(

SIF

), up 2.2% , were all gainers within the aerospace/defense industry with

Raytheon Company

(

RTN

) being today's featured aerospace/defense industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider

iShares DJ US Aerospace & Def Idx

(

ITA

) while those bearish on the aerospace/defense industry could consider

ProShares Short Dow 30

(

DOG

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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