L-3 Communications Holdings Inc (LLL): Today's Featured Aerospace/Defense Loser

The aerospace/defense industry closed the day up 1.9%. TAT Technologies ( TATT), Force Protection Inc ( FRPT), and Aerosonic Corporation ( AIM) were all decliners today within the aerospace/defense industry with L-3 Communications Holdings Inc ( LLL) being today's featured aerospace/defense loser. L-3 Communications Holdings Inc fell 52 cents (-0.7%) to $69.85 on average volume. Throughout the day, one million shares of L-3 Communications Holdings Inc exchanged hands as compared to its average daily volume of 1.1 million shares.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings Inc has a market cap of $7.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 8.1, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates L-3 as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.

On the positive front, Edac Technologies Corporation ( EDAC), AerCap Holdings N.V ( AER), GenCorp Inc ( GY), and AAR ( AIR) were all gainers within the aerospace/defense industry with Honeywell International Inc ( HON) 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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