United Technologies Corp (UTX): 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.

United Technologies ( UTX) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.4%. By the end of trading, United Technologies rose $1.61 (1.5%) to $107.18 on average volume. Throughout the day, 2,996,691 shares of United Technologies exchanged hands as compared to its average daily volume of 3,338,000 shares. The stock ranged in a price between $106.42-$107.85 after having opened the day at $106.42 as compared to the previous trading day's close of $105.57. Other companies within the Aerospace/Defense industry that increased today were: Curtiss-Wright Corporation ( CW), up 7.5%, Frontline ( FRO), up 5.0%, Textron ( TXT), up 4.5% and Esterline Technologies ( ESL), up 4.1%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $96.9 billion and is part of the industrial goods sector. Shares are up 28.7% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate United Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Breeze-Eastern Corporation ( BZC), down 2.7%, GenCorp ( GY), down 2.1% and Sifco Industries ( SIF), down 2.0%.

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

More from Markets

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs

U.S. Crude Oil Hits Fresh 3-Year Highs as Gasoline Heads to $3 a Gallon

U.S. Crude Oil Hits Fresh 3-Year Highs as Gasoline Heads to $3 a Gallon