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.
Honeywell International (
HON) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.6%. By the end of trading, Honeywell International rose 87 cents (1.2%) to $74.41 on average volume. Throughout the day, 4.4 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $73.30-$74.44 after having opened the day at $73.53 as compared to the previous trading day's close of $73.54. Other companies within the Aerospace/Defense industry that increased today were:
TAT Technologies (
TATT), up 7%,
Elbit Systems (
ESLT), up 5.9%,
Sturm Ruger & Company (
RGR), up 4.7%, and
Taser International (
TASR), up 4.7%.
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Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $57.55 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Honeywell International a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Honeywell International as a
buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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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