Spirit AeroSystems Holdings Inc. (SPR): 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.

Spirit AeroSystems Holdings ( SPR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Spirit AeroSystems Holdings fell $0.38 (-1.1%) to $34.77 on average volume. Throughout the day, 915,835 shares of Spirit AeroSystems Holdings exchanged hands as compared to its average daily volume of 1,137,000 shares. The stock ranged in price between $34.74-$35.13 after having opened the day at $35.00 as compared to the previous trading day's close of $35.15. Other companies within the Aerospace/Defense industry that declined today were: Taser International ( TASR), down 2.1% and Innovative Solutions and Support ( ISSC), down 1.7%.

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 $4.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 193.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.2% 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 positive front, Astrotech Corporation ( ASTC), up 6.4%, Esterline Technologies ( ESL), up 4.4% and Exelis ( XLS), up 3.0%.

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.

More from Markets

5 Cheap Stocks Primed for a Summer Rally

5 Cheap Stocks Primed for a Summer Rally

Whiskey Maker's Outlook Cut by Goldman Sachs Because of Tariffs

Whiskey Maker's Outlook Cut by Goldman Sachs Because of Tariffs

Dow Falls Sharply, Nasdaq Sinks as Wall Street Weighs Trump's New Trade Threats

Dow Falls Sharply, Nasdaq Sinks as Wall Street Weighs Trump's New Trade Threats

Bond Yields to Slide for Rest of Year Amid Trade Turmoil, Morgan Stanley Says

Bond Yields to Slide for Rest of Year Amid Trade Turmoil, Morgan Stanley Says

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus