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

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 lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Boeing fell $1.15 (-1.5%) to $74.32 on average volume. Throughout the day, 4.9 million shares of Boeing exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in price between $74.10-$75.49 after having opened the day at $75.23 as compared to the previous trading day's close of $75.47. Other companies within the Aerospace/Defense industry that declined today were: Astrotech Corporation ( ASTC), down 4.8%, Taser International ( TASR), down 3.1%, Orbital Sciences Corporation ( ORB), down 2.8%, and Embraer S.A ( ERJ), down 2.8%.
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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 $57.17 billion and is part of the industrial goods sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Wednesday. Currently there are 18 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 revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Heico Corporation ( HEI.A), up 2.9% and Ducommun ( DCO), up 2.3%, were all gainers within the aerospace/defense industry with Honeywell International ( HON) being today's featured aerospace/defense industry leader.

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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