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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. Boeing ( BA) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 2.3%. By the end of trading, Boeing fell $2.32 (-2.2%) to $103.21 on average volume. Throughout the day, 4,362,487 shares of Boeing exchanged hands as compared to its average daily volume of 5,334,400 shares. The stock ranged in price between $103.06-$105.14 after having opened the day at $104.44 as compared to the previous trading day's close of $105.53. Other companies within the Aerospace/Defense industry that declined today were: Astrotech Corporation ( ASTC), down 13.9%, LMI Aerospace ( LMIA), down 5.3%, Spirit AeroSystems Holdings ( SPR), down 4.6% and Breeze-Eastern Corporation ( BZC), down 3.7%. The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $79.6 billion and is part of the industrial goods sector. Shares are up 40.0% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate Boeing a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
