Raytheon Company (RTN): 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.

Raytheon Company ( RTN) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.3%. By the end of trading, Raytheon Company rose $0.78 (1.0%) to $76.80 on light volume. Throughout the day, 1,403,650 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,930,000 shares. The stock ranged in a price between $75.95-$76.98 after having opened the day at $75.97 as compared to the previous trading day's close of $76.02. Other companies within the Aerospace/Defense industry that increased today were: Textron ( TXT), up 3.8%, Elbit Systems ( ESLT), up 3.4%, Ducommun ( DCO), up 2.9% and CPI Aerostructures ( CVU), up 2.6%.

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 $24.8 billion and is part of the industrial goods sector. Shares are up 33.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Raytheon Company a buy, no analysts rate 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 solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Astrotech Corporation ( ASTC), down 4.3%, Frontline ( FRO), down 2.4% and Smith & Wesson Holding Corporation ( SWHC), down 1.5%.

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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