Raytheon Company (RTN): Today's Featured Industrial Goods Laggard

Raytheon Company ( RTN) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Raytheon Company fell $1.28 (-1.9%) to $64.82 on average volume. Throughout the day, 1,899,518 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,684,100 shares. The stock ranged in price between $64.48-$66.05 after having opened the day at $66.03 as compared to the previous trading day's close of $66.10. Other companies within the Industrial Goods sector that declined today were: India Globalization Capital ( IGC), down 11.9%, China Valves Technology ( CVVT), down 9.7%, China BAK Battery ( CBAK), down 7.3% and Avalon Holdings ( AWX), down 6.7%.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $21.5 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Raytheon Company a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Cleantech Solutions International ( CLNT), up 18.2%, Goldfield ( GV), up 10.5%, Integrated Electrical Services ( IESC), up 9.1% and Frontline ( FRO), up 8.9% , were all gainers within the industrial goods sector with Dresser-Rand Group ( DRC) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Jim Cramer Likes These Two Defense Stocks

Everyone Needs Significant Exposure to Defense Stocks: Market Recon

Lockheed Martin, Raytheon, Activision Blizzard: 'Mad Money' Lightning Round

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)

Stock Futures Fall, Gold Rises as North Korea Fires Another Missile Over Japan