FLIR Systems Inc. (FLIR): Today's Featured Aerospace/Defense Loser

FLIR Systems ( FLIR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense loser. The industry as a whole closed the day up 1.1%. By the end of trading, FLIR Systems fell 13 cents (-0.6%) to $20.51 on average volume. Throughout the day, 1.7 million shares of FLIR Systems exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $20.45-$20.76 after having opened the day at $20.69 as compared to the previous trading day's close of $20.64. Another company within the Aerospace/Defense industry that decreased today was Breeze-Eastern Corporation ( BZC), down 17%.

FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates through two divisions, Commercial Systems and Government Systems. FLIR Systems has a market cap of $3.26 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.3, below the average aerospace/defense industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 14.7% year to date as of the close of trading on Monday. Currently there are three analysts that rate FLIR Systems a buy, one analyst rates it a sell, and five rate it a hold.

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

On the positive front, Textron ( TXT), up 4%, Erickson Air-Crane ( EAC), up 3.3%, Kaman Corporation ( KAMN), up 3.2%, and Orbital Sciences Corporation ( ORB), up 3.2%, were all gainers within the aerospace/defense industry with Boeing ( BA) 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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