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 up 0.5%. By the end of trading, Boeing fell $0.95 (-1.0%) to $91.90 on average volume. Throughout the day, 6,244,802 shares of Boeing exchanged hands as compared to its average daily volume of 5,340,800 shares. The stock ranged in price between $91.19-$92.41 after having opened the day at $91.40 as compared to the previous trading day's close of $92.85. Other companies within the Aerospace/Defense industry that declined today were: Heico Corporation ( HEI.A), down 3.0%, Taser International ( TASR), down 2.6%, Frontline ( FRO), down 1.6% and Erickson Air-Crane ( EAC), down 1.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $69.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 23.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Astronics Corporation ( ATRO), down 4.0%, Sturm Ruger & Company ( RGR), down 3.9%, Micronet Enertec Technologies ( LPSTD), down 3.3% and TAT Technologies ( TATT), down 3.2% , were all gainers within the aerospace/defense industry with B/E Aerospace ( BEAV) 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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you liked this article you might like

Defense Stocks Take Off as North Korea Tensions Rise

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

FireEye Says Iranian Hackers Target Aerospace and Energy Firms

FedEx Makes A Comeback: Cramer's Top Takeaways