Esterline Technologies ( ESL) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day down 0.6%. By the end of trading, Esterline Technologies rose $1.18 (2.3%) to $52.56 on heavy volume. Throughout the day, 507,704 shares of Esterline Technologies exchanged hands as compared to its average daily volume of 330,800 shares. The stock ranged in a price between $49.97-$53.13 after having opened the day at $49.97 as compared to the previous trading day's close of $51.38. Other companies within the Aerospace/Defense industry that increased today were: Aerosonic Corporation ( AIM), up 3.8%, Ducommun ( DCO), up 3.1%, GenCorp ( GY), up 2.6%, and Astronics Corporation ( ATRO), up 2.2%.

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for the aerospace and defense market, as well as for industrial/commercial and medical markets in the United States and Europe. Esterline Technologies has a market cap of $1.57 billion and is part of the industrial goods sector. The company has a P/E ratio of 12, 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 23.2% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Esterline Technologies a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Esterline Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Hexcel Corporation ( HXL), down 4.5%, Astrotech ( ASTC), down 4.3%, Edac Technologies Corporation ( EDAC), down 3.8%, and CAE ( CAE), down 3%, were all losers within the aerospace/defense industry with Honeywell International ( HON) being today's aerospace/defense industry loser.

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).