5 Stocks Pushing The Industrial Goods Sector Higher

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

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the sector include Heico Corporation (HEI.A), up 8.1%, and PulteGroup (PHM), up 1.5%. On the negative front, top decliners within the sector include Embraer S.A (ERJ), down 1.9%, Nidec Corporation (NJ), down 1.1%, Kubota Corporation (KUB), down 0.8%, Weyerhaeuser (WY), down 0.7% and Raytheon Company (RTN), down 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Dresser-Rand Group (DRC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Dresser-Rand Group is up $1.27 (2.4%) to $54.70 on average volume Thus far, 254,512 shares of Dresser-Rand Group exchanged hands as compared to its average daily volume of 568,500 shares. The stock has ranged in price between $53.71-$55.20 after having opened the day at $54.41 as compared to the previous trading day's close of $53.43.

Dresser-Rand Group Inc., together with its subsidiaries, engages in the design, manufacture, sale, and servicing of custom-engineered rotating equipment solutions to the oil, gas, chemical, petrochemical, process, power, military, and other industries worldwide. Dresser-Rand Group has a market cap of $4.1 billion and is part of the industrial industry. The company has a P/E ratio of 24.8, above the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Dresser-Rand Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Dresser-Rand Group as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Dresser-Rand Group Ratings Report now.

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