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5 Industrial Goods Stocks Pushing The 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 78 points (-0.5%) at 14,583 as of Wednesday, April 3, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 720 issues advancing vs. 2,193 declining with 115 unchanged.

The Industrial Goods sector currently sits down 1.0% versus the S&P 500, which is down 0.7%. Top gainers within the sector include Raytheon Company (RTN), up 1.4%, Illinois Tool Works (ITW), up 0.7%, Deere (DE), up 0.5% and Emerson Electric (EMR), up 0.6%. On the negative front, top decliners within the sector include Kubota Corporation (KUB), down 3.3%, Fluor Corporation (FLR), down 2.8%, ABB (ABB), down 1.3%, General Electric (GE), down 0.9% and Danaher Corporation (DHR), down 0.9%.

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

5. Northrop Grumman (NOC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Northrop Grumman is up $0.77 (1.1%) to $70.17 on average volume Thus far, 825,161 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $69.41-$70.26 after having opened the day at $69.41 as compared to the previous trading day's close of $69.40.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $16.6 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 9.0, below the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Tuesday. 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Northrop Grumman Ratings Report now.

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