FLIR Systems Inc. (FLIR): 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

FLIR Systems ( FLIR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.2%. By the end of trading, FLIR Systems fell $0.25 (-1.0%) to $24.51 on average volume. Throughout the day, 1,237,544 shares of FLIR Systems exchanged hands as compared to its average daily volume of 1,259,800 shares. The stock ranged in price between $24.45-$24.81 after having opened the day at $24.81 as compared to the previous trading day's close of $24.76. Other companies within the Aerospace/Defense industry that declined today were: Sifco Industries ( SIF), down 4.7%, Taser International ( TASR), down 3.3%, Astrotech Corporation ( ASTC), down 2.6% and LMI Aerospace ( LMIA), down 2.4%.
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FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates in five segments: Thermal Vision & Measurement (TVM), Raymarine, Surveillance, Detection, and Integrated Systems. FLIR Systems has a market cap of $3.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 11.3% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate FLIR Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates FLIR Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Frontline ( FRO), down 11.8%, Ducommun ( DCO), down 5.5%, Astronics Corporation ( ATRO), down 2.6% and TAT Technologies ( TATT), down 2.5% , were all gainers within the aerospace/defense industry with Embraer S.A ( ERJ) 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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