L-3 Communications Holdings Inc (LLL): Today's Featured Aerospace/Defense 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.

L-3 Communications Holdings ( LLL) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.0%. By the end of trading, L-3 Communications Holdings rose $1.32 (1.2%) to $114.82 on average volume. Throughout the day, 852,714 shares of L-3 Communications Holdings exchanged hands as compared to its average daily volume of 660,500 shares. The stock ranged in a price between $113.23-$114.95 after having opened the day at $113.77 as compared to the previous trading day's close of $113.50. Other companies within the Aerospace/Defense industry that increased today were: Heico Corporation ( HEI.A), up 6.2%, Taser International ( TASR), up 5.8%, Erickson Air-Crane ( EAC), up 5.5% and Heico Corporation ( HEI), up 5.5%.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings has a market cap of $10.1 billion and is part of the industrial goods sector. Shares are up 6.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate L-3 Communications Holdings a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates L-3 Communications Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Astrotech Corporation ( ASTC), down 4.2% and Frontline ( FRO), down 3.7% , were all laggards within the aerospace/defense industry with Embraer S.A ( ERJ) being today's aerospace/defense industry laggard.

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).

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