FLIR Systems Inc. (FLIR): Today's Featured Aerospace/Defense Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

FLIR Systems ( FLIR) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.5%. By the end of trading, FLIR Systems rose $2.82 (9.7%) to $31.91 on heavy volume. Throughout the day, 3,584,167 shares of FLIR Systems exchanged hands as compared to its average daily volume of 1,202,600 shares. The stock ranged in a price between $28.81-$32.28 after having opened the day at $29.95 as compared to the previous trading day's close of $29.09. Other companies within the Aerospace/Defense industry that increased today were: Frontline ( FRO), up 8.4% and Spirit AeroSystems Holdings ( SPR), up 5.7%.

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 $4.1 billion and is part of the industrial goods sector. Shares are up 30.0% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate FLIR Systems a buy, no analysts rate it a sell, and 2 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 negative front, Astrotech Corporation ( ASTC), down 4.3% and Erickson Air-Crane ( EAC), down 1.7%.

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).

3x UPSIDE POTENTIAL: 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

Snap-On, Teekay Shipping, FLIR Systems, GW Pharmaceuticals: 'Mad Money' Lightning Round

Time to Raise Some Cash: Cramer's 'Mad Money' Recap (Tuesday 8/1/17)

20 Mid-Cap Dividend Growers Are Blips on My Tracking Radar

Bringing Jobs Back to the U.S.--For Robots, but Still Jobs

Bringing Manufacturing Back to the U.S. Is Creating Jobs...For Robots