General Dynamics (GD): 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.

General Dynamics ( GD) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.6%. By the end of trading, General Dynamics fell $1.68 (-1.6%) to $102.51 on average volume. Throughout the day, 2,752,798 shares of General Dynamics exchanged hands as compared to its average daily volume of 2,029,700 shares. The stock ranged in price between $102.44-$103.64 after having opened the day at $103.20 as compared to the previous trading day's close of $104.19. Other companies within the Aerospace/Defense industry that declined today were: Sifco Industries ( SIF), down 4.2%, Alliant Techsystems ( ATK), down 2.6%, Erickson Air-Crane ( EAC), down 2.3% and Frontline ( FRO), down 2.3%.

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 $35.6 billion and is part of the industrial goods sector. Shares are up 9.0% year to date as of the close of trading on Friday. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Micronet Enertec Technologies ( MICT), up 3.0% and Smith & Wesson Holding Corporation ( SWHC), up 1.8%.

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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