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.
) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Alliant Techsystems fell $4.00 (-2.7%) to $144.22 on heavy volume. Throughout the day, 828,283 shares of Alliant Techsystems exchanged hands as compared to its average daily volume of 389,800 shares. The stock ranged in price between $142.50-$148.14 after having opened the day at $147.99 as compared to the previous trading day's close of $148.22. Other companies within the Aerospace/Defense industry that declined today were:
), down 5.4%,
), down 5.0% and
), down 2.5%.
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Alliant Techsystems Inc. engages in the provision of aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. Alliant Techsystems has a market cap of $4.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 21.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Alliant Techsystems a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Alliant Techsystems Ratings Report.
On the positive front,
), up 5.0%,
), up 2.7%,
), up 2.4% and
), up 2.3% , were all gainers within the aerospace/defense industry with
) being today's featured aerospace/defense industry leader.
- Use our aerospace/defense section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider
) while those bearish on the aerospace/defense industry could consider
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