BE Aerospace Inc (BEAV): Today's Featured Industrial Goods Laggard

BE Aerospace ( BEAV) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.5%. By the end of trading, BE Aerospace fell 60 cents (-1.6%) to $37.92 on heavy volume. Throughout the day, 2.1 million shares of BE Aerospace exchanged hands as compared to its average daily volume of 969,300 shares. The stock ranged in price between $36.51-$38.06 after having opened the day at $37.84 as compared to the previous trading day's close of $38.52. Other company's within the Industrial Goods sector that declined today were: China Development Group Corporation ( CTDC), down 10.8%, Sharps Compliance Corporation ( SMED), down 9.7%, CVD Equipment Corporation ( CVV), down 8.2%, and A123 Systems ( AONE), down 7.7%.

BE Aerospace, Inc. designs, manufactures, sells, and services commercial aircraft and business jet cabin interior products worldwide. BE Aerospace has a market cap of $3.89 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 14, below the average aerospace/defense industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate BE Aerospace a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates BE Aerospace as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Tower International ( TOWR), up 11%, JinkoSolar ( JKS), up 9.9%, WSI Industries ( WSCI), up 8.3%, and H&E Equipment Services ( HEES), up 7.2%, were all gainers within the industrial goods sector with Dover Corporation ( DOV) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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