Today's Aerospace/Defense Gainers Led By Spirit AeroSystems Holdings Inc. (SPR)

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.

Spirit AeroSystems Holdings ( SPR) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.1%. By the end of trading, Spirit AeroSystems Holdings rose 35 cents (1.9%) to $19.17 on average volume. Throughout the day, 1.5 million shares of Spirit AeroSystems Holdings exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $18.89-$19.29 after having opened the day at $18.91 as compared to the previous trading day's close of $18.82. Other companies within the Aerospace/Defense industry that increased today were: Embraer S.A ( ERJ), up 2.3%, Aerovironment Incorporated ( AVAV), up 1.8%, and CAE ( CAE), up 1.8%.
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Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. Spirit AeroSystems Holdings has a market cap of $2.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 77.9, above the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Spirit AeroSystems Holdings a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Spirit AeroSystems Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.

On the negative front, Astrotech Corporation ( ASTC), down 2.5%, GenCorp ( GY), down 2.4%, and AAR ( AIR), down 1.7%, were all laggards within the aerospace/defense industry with Textron ( TXT) being today's aerospace/defense industry laggard.

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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