Raytheon Company (RTN): Today's Featured Industrial Goods Winner
(
) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 1.1%. By the end of trading, Raytheon Company rose 50 cents (1.2%) to $43.12 on light volume. Throughout the day, 1.3 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $42.47-$43.61 after having opened the day at $42.51 as compared to the previous trading day's close of $42.62. Other companies within the Industrial Goods sector that increased today were:
(
), up 12.5%,
China Development Group Corporation
(
), up 12.2%,
(
), up 10.3%, and
(
), up 8%.
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 $15.04 billion and is part of the
industry. The company has a P/E ratio of 8.4, below the average aerospace/defense industry P/E ratio of 8.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 8% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Raytheon as a
. The company's strengths can be seen in multiple areas, such as its 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 Raytheon Ratings Report.
On the negative front,
(
), down 16.7%,
THT Heat Transfer Technology Inc
(
), down 10.5%,
Asia Pacific Wire & Cable Corp
(
), down 9.7%, and
Asia Pacific Wire & Cable Corp
(
AWRCF
), down 9.7%, were all losers within the industrial goods sector with
(
) being today's industrial goods sector loser.
- Use our industrial goods section to find sector-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 industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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