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

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 lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.5%. By the end of trading, FLIR Systems fell $0.59 (-1.8%) to $33.16 on heavy volume. Throughout the day, 2,034,092 shares of FLIR Systems exchanged hands as compared to its average daily volume of 1,273,700 shares. The stock ranged in price between $33.04-$33.75 after having opened the day at $33.55 as compared to the previous trading day's close of $33.75. Another company within the Aerospace/Defense industry that decreased today was Elbit Systems ( ESLT), down 1.6%.

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 $4.7 billion and is part of the industrial goods sector. Shares are up 47.1% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate FLIR Systems a buy, 1 analyst rates it a sell, and 3 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, solid stock price performance and growth in earnings per share. 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 positive front, Smith & Wesson Holding Corporation ( SWHC), up 6.3%, Astronics Corporation ( ATRO), up 3.4%, Innovative Solutions and Support ( ISSC), up 3.3% and TAT Technologies ( TATT), up 3.3%.

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).

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