Spirit AeroSystems Holdings Inc. (SPR): 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

Spirit AeroSystems Holdings ( SPR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Spirit AeroSystems Holdings fell $0.26 (-1.2%) to $21.13 on average volume. Throughout the day, 1,293,244 shares of Spirit AeroSystems Holdings exchanged hands as compared to its average daily volume of 1,403,100 shares. The stock ranged in price between $21.03-$21.48 after having opened the day at $21.34 as compared to the previous trading day's close of $21.39. Other companies within the Aerospace/Defense industry that declined today were: Elbit Systems ( ESLT), down 4.6%, Astrotech Corporation ( ASTC), down 2.5%, Moog ( MOG.A), down 2.4% and Astronics Corporation ( ATRO), down 2.0%.
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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 $2.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 73.6, above the S&P 500 P/E ratio of 17.7. Shares are up 26.0% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Spirit AeroSystems Holdings a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Spirit AeroSystems Holdings 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Breeze-Eastern Corporation ( BZC), down 8.9%, Smith & Wesson Holding Corporation ( SWHC), down 5.2%, Erickson Air-Crane ( EAC), down 4.7% and Frontline ( FRO), down 3.9% , were all gainers within the aerospace/defense industry with FLIR Systems ( FLIR) 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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