Raytheon Company (RTN): Today's Featured Aerospace/Defense Winner

Raytheon Company ( RTN) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day down 0.1%. By the end of trading, Raytheon Company rose 37 cents (0.7%) to $56.14 on light volume. Throughout the day, 1.3 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $55.53-$56.25 after having opened the day at $55.71 as compared to the previous trading day's close of $55.77. Other companies within the Aerospace/Defense industry that increased today were: Sifco Industries ( SIF), up 3.5%, Embraer S.A ( ERJ), up 2.6%, LMI Aerospace ( LMIA), up 2%, and Astrotech Corporation ( ASTC), up 1.9%.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $18.64 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.1, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 15.6% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

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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