Boeing Co (BA): Today's Featured Aerospace/Defense Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Boeing ( BA) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole was unchanged today. By the end of trading, Boeing rose 85 cents (1.2%) to $70.23 on average volume. Throughout the day, five million shares of Boeing exchanged hands as compared to its average daily volume of 4.4 million shares. The stock ranged in a price between $69.31-$70.51 after having opened the day at $69.34 as compared to the previous trading day's close of $69.38. Other companies within the Aerospace/Defense industry that increased today were: Triumph Group ( TGI), up 2.7% and Esterline Technologies ( ESL), up 1.6%.
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The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $52.65 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.1, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 5.4% year to date as of the close of trading on Tuesday. Currently there are 19 analysts that rate Boeing a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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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