Spirit AeroSystems Holdings Inc. (SPR): 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.

Spirit AeroSystems Holdings ( SPR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Spirit AeroSystems Holdings fell $0.42 (-1.5%) to $27.45 on average volume. Throughout the day, 1,680,832 shares of Spirit AeroSystems Holdings exchanged hands as compared to its average daily volume of 1,629,500 shares. The stock ranged in price between $26.85-$27.99 after having opened the day at $27.06 as compared to the previous trading day's close of $27.87. Other companies within the Aerospace/Defense industry that declined today were: AAR Corporation ( AIR), down 4.2%, Ducommun ( DCO), down 3.0% and Frontline ( FRO), down 2.3%.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. Spirit AeroSystems Holdings has a market cap of $3.4 billion and is part of the industrial goods sector. Shares are down 18.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Spirit AeroSystems Holdings a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Spirit AeroSystems Holdings as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front, Taser International ( TASR), up 5.9%, Erickson Air-Crane ( EAC), up 3.7%, Astrotech Corporation ( ASTC), up 3.5% and Orbital Sciences Corporation ( ORB), up 2.8% , were all gainers within the aerospace/defense industry with United Technologies ( UTX) 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).

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