United Technologies Corp (UTX): 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

United Technologies ( UTX) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.1%. By the end of trading, United Technologies rose $1.36 (1.5%) to $93.11 on average volume. Throughout the day, 3,081,233 shares of United Technologies exchanged hands as compared to its average daily volume of 3,481,100 shares. The stock ranged in a price between $92.43-$93.48 after having opened the day at $92.73 as compared to the previous trading day's close of $91.75. Other companies within the Aerospace/Defense industry that increased today were: AAR ( AIR), up 4.3%, Moog ( MOG.B), up 2.9%, LMI Aerospace ( LMIA), up 2.8% and Embraer S.A ( ERJ), up 2.7%.
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United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $83.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.9% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate United Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Astrotech Corporation ( ASTC), down 5.0%, Triumph Group ( TGI), down 3.5% and Alliant Techsystems ( ATK), down 1.8%.

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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