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 higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.7%. By the end of trading, Boeing rose $2.70 (1.9%) to $144.37 on average volume. Throughout the day, 4,309,268 shares of Boeing exchanged hands as compared to its average daily volume of 4,247,600 shares. The stock ranged in a price between $141.87-$144.57 after having opened the day at $142.31 as compared to the previous trading day's close of $141.67. Other companies within the Aerospace/Defense industry that increased today were: Textron ( TXT), up 5.3%, General Dynamics ( GD), up 4.6%, B/E Aerospace ( BEAV), up 3.0% and Spirit AeroSystems Holdings ( SPR), up 2.6%.
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 $105.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Boeing a buy, no analysts rate it a sell, and 5 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.