Spirit AeroSystems Holdings Inc. (SPR): Today's Featured Aerospace/Defense Loser

The aerospace/defense industry closed the day down 3.8%. GenCorp Inc ( GY), Edac Technologies Corporation ( EDAC), AAR ( AIR), and BE Aerospace Inc ( BEAV) were all decliners today within the aerospace/defense industry with Spirit AeroSystems Holdings Inc ( SPR) being today's featured aerospace/defense loser. Spirit AeroSystems Holdings Inc fell $1.01 (-6.3%) to $14.94 on average volume. Throughout the day, 1.8 million shares of Spirit AeroSystems Holdings Inc exchanged hands as compared to its average daily volume of 1.8 million shares.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, engineers, and manufactures commercial aircraft structures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. Spirit AeroSystems Holdings Inc has a market cap of $2.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 13.8, above the average aerospace/defense industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 23.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates Spirit AeroSystems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, Sifco Industries Inc ( SIF) were all gainers within the aerospace/defense industry with CPI Aerostructures Inc ( CVU) 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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