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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.

Textron

(

TXT

) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Textron fell $0.89 (-2.5%) to $35.50 on heavy volume. Throughout the day, 3,973,495 shares of Textron exchanged hands as compared to its average daily volume of 2,580,700 shares. The stock ranged in price between $35.44-$35.88 after having opened the day at $35.71 as compared to the previous trading day's close of $36.39. Other companies within the Aerospace/Defense industry that declined today were:

Acorn Energy

(

ACFN

), down 7.5%,

Frontline

(

FRO

), down 4.4%,

Astrotech Corporation

(

ASTC

TheStreet Recommends

), down 4.3% and

Sifco Industries

(

SIF

), down 3.6%.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $10.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Textron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Textron

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front,

L-3 Communications Holdings

(

LLL

), up 5.4%,

Alliant Techsystems

(

ATK

), up 5.2%,

Raytheon Company

(

RTN

), up 3.5% and

B/E Aerospace

(

BEAV

), up 3.0% , were all gainers within the aerospace/defense industry with

Lockheed Martin Corporation

(

LMT

) 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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