Alliant Techsystems Inc (ATK): 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.

Alliant Techsystems ( ATK) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Alliant Techsystems fell $4.38 (-3.2%) to $133.37 on heavy volume. Throughout the day, 1,138,826 shares of Alliant Techsystems exchanged hands as compared to its average daily volume of 347,700 shares. The stock ranged in price between $132.16-$135.58 after having opened the day at $133.99 as compared to the previous trading day's close of $137.75. Other companies within the Aerospace/Defense industry that declined today were: Innovative Solutions and Support ( ISSC), down 3.9%, TAT Technologies ( TATT), down 2.5%, Breeze-Eastern Corporation ( BZC), down 2.1% and Sifco Industries ( SIF), down 1.7%.

Alliant Techsystems Inc. engages in the provision of aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. Alliant Techsystems has a market cap of $4.4 billion and is part of the industrial goods sector. Shares are up 13.2% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Alliant Techsystems a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Alliant Techsystems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Astronics Corporation ( ATRO), up 7.7%, Orbital Sciences Corporation ( ORB), up 4.1%, Aerovironment Incorporated ( AVAV), up 4.0% and Astrotech Corporation ( ASTC), up 3.6% , were all gainers within the aerospace/defense industry with Boeing ( BA) 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.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists