Textron Inc (TXT): 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.

Textron ( TXT) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.0%. By the end of trading, Textron rose $0.60 (2.2%) to $27.41 on average volume. Throughout the day, 2,276,805 shares of Textron exchanged hands as compared to its average daily volume of 2,497,400 shares. The stock ranged in a price between $26.66-$27.41 after having opened the day at $26.66 as compared to the previous trading day's close of $26.81. Other companies within the Aerospace/Defense industry that increased today were: Taser International ( TASR), up 6.9%, Heico Corporation ( HEI.A), up 5.8%, Heico Corporation ( HEI), up 5.4% and Innovative Solutions and Support ( ISSC), up 4.0%.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $7.7 billion and is part of the industrial goods sector. Shares are up 7.5% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Textron a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Air Industries Group ( AIRI), down 2.6% and Frontline ( FRO), down 2.3%.

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).

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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