L-3 Communications Holdings Inc

(

LLL

) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense loser. The industry as a whole closed the day down 1.1%. By the end of trading, L-3 Communications Holdings Inc fell $1.95 (-2.8%) to $67.79 on light volume. Throughout the day, 498,640 shares of L-3 Communications Holdings Inc exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $67.77-$69.01 after having opened the day at $68.66 as compared to the previous trading day's close of $69.74. Other company's within the Aerospace/Defense industry that declined today were:

Embraer S.A

(

ERJ

), down 4.7%,

Textron Inc

(

TXT

), down 4.3%,

Force Protection Inc

(

FRPT

), down 4.2%, and

Ducommun Inc

(

DCO

), down 4.2%.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings Inc has a market cap of $7.3 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 7.9, below the average aerospace/defense industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 2% year to date as of the close of trading on Friday.

TheStreet Ratings rates L-3 as a

hold

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.

On the positive front,

American Defense Systems Inc

(

EAG

), up 25.7%,

Breeze-Eastern Corporation

(

BZC

), up 4.5%, and

Taser International Inc

(

TASR

), up 2.7%, were all gainers within the aerospace/defense industry with

Lockheed Martin Corporation

(

LMT

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

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

).

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