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 down 0.8%. By the end of trading, Northrop Grumman fell $2.48 (-2.0%) to $119.18 on average volume. Throughout the day, 1,931,855 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1,424,100 shares. The stock ranged in price between $118.35-$122.00 after having opened the day at $121.75 as compared to the previous trading day's close of $121.66. Other companies within the Aerospace/Defense industry that declined today were:
), down 4.5%,
), down 4.3%,
), down 2.9% and
), down 2.6%.
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Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $25.9 billion and is part of the industrial goods sector. Shares are up 6.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Northrop Grumman a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Northrop Grumman Ratings Report.
On the positive front,
), up 1.8% and
), up 1.6% , 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
- Find other investment ideas from our top rated ETFs lists.