Spirit AeroSystems Holdings Inc. (SPR): 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.

Spirit AeroSystems Holdings ( SPR) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day down 0.1%. By the end of trading, Spirit AeroSystems Holdings rose $0.72 (2.3%) to $32.36 on heavy volume. Throughout the day, 1,786,787 shares of Spirit AeroSystems Holdings exchanged hands as compared to its average daily volume of 935,700 shares. The stock ranged in a price between $31.86-$32.66 after having opened the day at $32.51 as compared to the previous trading day's close of $31.64. Other companies within the Aerospace/Defense industry that increased today were: Smith & Wesson Holding Corporation ( SWHC), up 3.3%, Elbit Systems ( ESLT), up 3.2%, Taser International ( TASR), up 3.1% and Erickson Air-Crane ( EAC), up 2.2%.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. Spirit AeroSystems Holdings has a market cap of $3.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 176.6, above the S&P 500 P/E ratio of 17.7. Shares are up 86.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Spirit AeroSystems Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Spirit AeroSystems Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Frontline ( FRO), down 5.8%, Innovative Solutions and Support ( ISSC), down 4.9%, Acorn Energy ( ACFN), down 2.4% and Orbital Sciences Corporation ( ORB), down 2.2% , were all laggards within the aerospace/defense industry with FLIR Systems ( FLIR) being today's aerospace/defense industry laggard.

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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