The aerospace/defense industry closed the day down 0.7%. TAT Technologies ( TATT) and Astrotech ( ASTC) were all winners today within the aerospace/defense industry with Hexcel Corporation ( HXL) being today's featured aerospace/defense winner. Hexcel Corporation rose 22 cents (0.9%) to $23.49 on light volume. Throughout the day, 693,868 shares of Hexcel Corporation exchanged hands as compared to its average daily volume of 1.2 million shares.

Hexcel Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of lightweight and high-performance composites for use in commercial aerospace, space and defense, and industrial applications. Hexcel Corporation has a market cap of $2.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.1, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 28.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Hexcel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, American Defense Systems Inc ( EAG), Force Protection Inc ( FRPT), GenCorp Inc ( GY), and Elbit Systems ( ESLT) were all losers within the aerospace/defense industry with General Dynamics ( GD) being today's aerospace/defense industry Loser Spotlight stock.

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).
null

If you liked this article you might like

Why Brookfield, American Tower and 21st Century Fox Are Buys

Why Brookfield, American Tower and 21st Century Fox Are Buys

Analysts' Actions -- Dow, Ford, Harley, Target and More

Analysts' Actions -- Dow, Ford, Harley, Target and More

Hexcel (HXL) Stock Climbs as Q2 Results Beat Estimates

Hexcel (HXL) Stock Climbs as Q2 Results Beat Estimates

Hexcel (HXL) Flagged As Strong On High Volume

Hexcel (HXL) Flagged As Strong On High Volume

A380 Slowdown Will Impact Range of Aerospace Suppliers

A380 Slowdown Will Impact Range of Aerospace Suppliers