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.

All three major indices traded up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 121 points (0.7%) at 17,751 as of Wednesday, July 29, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,248 issues advancing vs. 830 declining with 135 unchanged.

The Aerospace/Defense industry as a whole closed the day up 1.0% versus the S&P 500, which was up 0.7%. Top gainers within the Aerospace/Defense industry included

CPI Aerostructures

(

CVU

), up 5.7%,

Breeze-Eastern

(

BZC

), up 2.4%,

CAE

(

CAE

), up 1.5%,

LMI Aerospace

(

LMIA

), up 1.6% and

Frontline

(

FRO

), up 6.1%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

CAE

(

CAE

) is one of the companies that pushed the Aerospace/Defense industry higher today. CAE was up $0.17 (1.5%) to $11.42 on average volume. Throughout the day, 31,936 shares of CAE exchanged hands as compared to its average daily volume of 38,200 shares. The stock ranged in a price between $11.25-$11.59 after having opened the day at $11.28 as compared to the previous trading day's close of $11.25.

CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. The company operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. CAE has a market cap of $3.0 billion and is part of the industrial goods sector. Shares are down 13.5% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate CAE a buy, no analysts rate it a sell, and 3 rate it a hold.

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TheStreet Ratings rates

CAE

as a

buy

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

Highlights from TheStreet Ratings analysis on CAE go as follows:

  • CAE's revenue growth has slightly outpaced the industry average of 4.2%. Since the same quarter one year prior, revenues slightly increased by 9.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Aerospace & Defense industry average. The net income increased by 6.8% when compared to the same quarter one year prior, going from $60.00 million to $64.10 million.
  • CAE INC's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, CAE INC increased its bottom line by earning $0.77 versus $0.72 in the prior year.
  • The debt-to-equity ratio is somewhat low, currently at 0.79, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.81 is somewhat weak and could be cause for future problems.

You can view the full analysis from the report here:

CAE Ratings Report

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At the close,

Breeze-Eastern

(

BZC

) was up $0.29 (2.4%) to $12.19 on average volume. Throughout the day, 9,829 shares of Breeze-Eastern exchanged hands as compared to its average daily volume of 11,500 shares. The stock ranged in a price between $12.05-$12.57 after having opened the day at $12.40 as compared to the previous trading day's close of $11.90.

Breeze-Eastern Corporation designs, develops, manufactures, sells, and services engineered mission equipment for specialty aerospace and defense applications worldwide. Breeze-Eastern has a market cap of $120.1 million and is part of the industrial goods sector. Shares are up 18.6% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Breeze-Eastern a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates

Breeze-Eastern

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from TheStreet Ratings analysis on BZC go as follows:

  • BREEZE-EASTERN CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, BREEZE-EASTERN CORP increased its bottom line by earning $1.49 versus $0.58 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Aerospace & Defense industry. The net income increased by 91.3% when compared to the same quarter one year prior, rising from $2.82 million to $5.39 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 4.2%. Since the same quarter one year prior, revenues slightly increased by 3.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • BZC has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, BZC has a quick ratio of 2.49, which demonstrates the ability of the company to cover short-term liquidity needs.

You can view the full analysis from the report here:

Breeze-Eastern Ratings Report

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CPI Aerostructures

(

CVU

) was another company that pushed the Aerospace/Defense industry higher today. CPI Aerostructures was up $0.48 (5.7%) to $8.98 on heavy volume. Throughout the day, 67,490 shares of CPI Aerostructures exchanged hands as compared to its average daily volume of 7,500 shares. The stock ranged in a price between $8.60-$9.01 after having opened the day at $8.68 as compared to the previous trading day's close of $8.50.

CPI Aerostructures, Inc. engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense aerospace markets. CPI Aerostructures has a market cap of $74.4 million and is part of the industrial goods sector. Shares are down 16.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate CPI Aerostructures a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates CPI Aerostructures as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on CVU go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Aerospace & Defense industry. The net income has significantly decreased by 46.3% when compared to the same quarter one year ago, falling from $1.73 million to $0.93 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Aerospace & Defense industry and the overall market, CPI AEROSTRUCTURES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CPI AEROSTRUCTURES INC is rather low; currently it is at 19.15%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 4.66% trails that of the industry average.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 27.69%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 45.00% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • CPI AEROSTRUCTURES INC's earnings per share declined by 45.0% in the most recent quarter compared to the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, CPI AEROSTRUCTURES INC swung to a loss, reporting -$2.98 versus $0.92 in the prior year. This year, the market expects an improvement in earnings ($0.87 versus -$2.98).

You can view the full analysis from the report here:

CPI Aerostructures Ratings Report

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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.