FLIR Systems Inc ( FLIR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense loser. The industry as a whole closed the day down 0.6%. By the end of trading, FLIR Systems Inc fell 21 cents (-0.8%) to $26.65 on light volume. Throughout the day, 962,284 shares of FLIR Systems Inc exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $26.57-$26.99 after having opened the day at $26.86 as compared to the previous trading day's close of $26.86. Other company's within the Aerospace/Defense industry that declined today were: Aerosonic Corporation ( AIM), down 6.2%, Astronics Corporation ( ATRO), down 4%, Triumph Group Inc ( TGI), down 3.4%, and Breeze-Eastern Corporation ( BZC), down 3.2%.

FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates through two divisions, Commercial Systems and Government Systems. FLIR Systems Inc has a market cap of $3.96 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.1, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 9.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates FLIR Systems as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow.

On the positive front, Boeing ( BA), up 3.3%, Spirit AeroSystems Holdings Inc ( SPR), up 2.5%, Taser International Inc ( TASR), up 2%, and Elbit Systems ( ESLT), up 1.9%, were all gainers within the aerospace/defense industry with General Dynamics ( GD) 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).