3 Stocks Pushing The Industrial Goods Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include DR Horton (DHI), down 1.5%, Masco Corporation (MAS), down 1.0% and Fastenal Company (FAST), down 0.7%. Top gainers within the sector include Foster Wheeler (FWLT), up 2.3%, ABB (ABB), up 1.2%, Vulcan Materials Company (VMC), up 0.8%, Kubota Corporation (KUB), up 0.9% and CNH Global (CNH), up 0.8%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Esterline Technologies (ESL) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Esterline Technologies is down $2.79 (-4.6%) to $57.57 on heavy volume Thus far, 211,928 shares of Esterline Technologies exchanged hands as compared to its average daily volume of 230,500 shares. The stock has ranged in price between $57.40-$59.06 after having opened the day at $58.87 as compared to the previous trading day's close of $60.36.

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems for aerospace and defense customers primarily in the United States and internationally. Esterline Technologies has a market cap of $1.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 27.2, above the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Esterline Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Esterline Technologies as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Esterline Technologies Ratings Report now.

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