Northrop Grumman Corp (NOC): 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.

Northrop Grumman ( NOC) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.2%. By the end of trading, Northrop Grumman rose $1.12 (1.2%) to $92.06 on heavy volume. Throughout the day, 2,890,218 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1,551,000 shares. The stock ranged in a price between $90.80-$92.82 after having opened the day at $90.88 as compared to the previous trading day's close of $90.94. Other companies within the Aerospace/Defense industry that increased today were: Sifco Industries ( SIF), up 5.2%, Frontline ( FRO), up 3.6%, Smith & Wesson Holding Corporation ( SWHC), up 3.2% and Sturm Ruger & Company ( RGR), up 3.1%.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $21.0 billion and is part of the industrial goods sector. Shares are up 34.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Northrop Grumman a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Astronics Corporation ( ATRO), down 4.8%, Embraer S.A ( ERJ), down 2.7%, TAT Technologies ( TATT), down 2.6% and Erickson Air-Crane ( EAC), down 2.0% , were all laggards within the aerospace/defense industry with Textron ( TXT) being today's aerospace/defense industry laggard.

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.
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