General Dynamics (GD): Today's Featured Industrial Goods 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.

General Dynamics ( GD) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.8%. By the end of trading, General Dynamics rose $1.48 (1.5%) to $100.49 on average volume. Throughout the day, 2,362,903 shares of General Dynamics exchanged hands as compared to its average daily volume of 1,749,100 shares. The stock ranged in a price between $99.11-$100.71 after having opened the day at $99.41 as compared to the previous trading day's close of $99.01. Other companies within the Industrial Goods sector that increased today were: Ultralife Batteries ( ULBI), up 18.7%, Spectrum Brands Holdings ( SPB), up 10.3%, Energy Recovery ( ERII), up 8.8% and IntriCon Corporation ( IIN), up 8.1%.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $35.4 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, L.S. Starrett Company ( SCX), down 9.7%, Kennametal ( KMT), down 7.0%, B/E Aerospace ( BEAV), down 6.7% and Sharps Compliance Corporation ( SMED), down 5.8%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector 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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