Raytheon Company

(

RTN

) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Raytheon Company fell 52 cents (-0.9%) to $54.56 on average volume. Throughout the day, 2.6 million shares of Raytheon Company exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $54.25-$55.48 after having opened the day at $54.99 as compared to the previous trading day's close of $55.08. Other company's within the Aerospace/Defense industry that declined today were:

Erickson Air-Crane

(

EAC

), down 4%,

BE Aerospace

(

BEAV

), down 3.2%,

CPI Aerostructures

(

CVU

), down 3%, and

Aerosonic Corporation

(

AIM

), down 2.8%.

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Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $18.44 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 10, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 13.9% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Raytheon Company as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, 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 shows low profit margins.

On the positive front,

Taser International

(

TASR

), up 8.7%,

FLIR Systems

(

FLIR

), up 7.8%,

Sturm Ruger & Company

(

RGR

), up 4.3%, and

Sifco Industries

(

SIF

), up 4%, were all gainers within the aerospace/defense industry with

Honeywell International

(

HON

) 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

).

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