TransDigm Group Inc (TDG): 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.

TransDigm Group ( TDG) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.8%. By the end of trading, TransDigm Group fell $2.13 (-1.3%) to $166.97 on average volume. Throughout the day, 537,947 shares of TransDigm Group exchanged hands as compared to its average daily volume of 387,500 shares. The stock ranged in price between $166.77-$170.89 after having opened the day at $169.87 as compared to the previous trading day's close of $169.10. Other companies within the Aerospace/Defense industry that declined today were: Astrotech Corporation ( ASTC), down 8.0%, Frontline ( FRO), down 7.5%, Air Industries Group ( AIRI), down 3.2% and Aerovironment Incorporated ( AVAV), down 3.0%.

TransDigm Group Incorporated, through its subsidiaries, designs, produces, and supplies engineered aerospace components for commercial and military aircraft customers in the United States. The company operates through three reporting segments: Power & Control, Airframe, and Non-aviation. TransDigm Group has a market cap of $9.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 72.7, above the S&P 500 P/E ratio of 17.7. Shares are up 5.0% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate TransDigm Group a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates TransDigm Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share.

On the positive front, Micronet Enertec Technologies ( MICT), up 6.3%, Honeywell International ( HON), up 2.1%, Breeze-Eastern Corporation ( BZC), up 1.8% and United Technologies ( UTX), up 1.8% , were all gainers within the aerospace/defense industry with AerCap Holdings N.V ( AER) being today's featured aerospace/defense industry leader.

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.

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