5 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

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%. 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 lower today:

5. Northrop Grumman (NOC) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Northrop Grumman is down $0.38 (-0.6%) to $67.77 on light volume Thus far, 500,149 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $67.63-$68.36 after having opened the day at $68.21 as compared to the previous trading day's close of $68.15.

Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, and technical services worldwide. Northrop Grumman has a market cap of $16.7 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 8.8, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Northrop Grumman a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Northrop Grumman Ratings Report now.

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