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 0.2%. By the end of trading, Alliant Techsystems fell $1.50 (-1.1%) to $136.35 on light volume. Throughout the day, 305,979 shares of Alliant Techsystems exchanged hands as compared to its average daily volume of 427,200 shares. The stock ranged in price between $136.04-$138.58 after having opened the day at $137.58 as compared to the previous trading day's close of $137.85. Another company within the Aerospace/Defense industry that decreased today was CPI Aerostructures ( CVU), down 1.6%.

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 13.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Alliant Techsystems a buy, 1 analyst rates it a sell, and 5 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, compelling growth in net income and attractive valuation levels. 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, Erickson Air-Crane ( EAC), up 5.6% and Air Industries Group ( AIRI), up 4.0%.

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.

If you liked this article you might like

Stock Futures Fall, Gold Rises as North Korea Fires Another Missile Over Japan

SpaceX Explosion Benefits a Rival Now, but Clouds Future for Both

'Fast Money' Recap: Where Should You Invest? Some Suggestions

'Mad Money' Lightning Round: Alliant Techsystems Is Fabulous

Jim Cramer's 'Mad Money' Recap: The Bears Retreat and the Market Celebrates