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5 Industrial Goods Stocks Pushing Sector Growth

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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 15,338 as of Friday, May 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 963 issues advancing vs. 1,995 declining with 88 unchanged.

The Industrial Goods sector currently sits down 0.23 versus the S&P 500, which is down 0.09. Top gainers within the sector include Cummins ( CMI), up 3.1%, Fastenal Company ( FAST), up 2.1%, Rockwell Automation ( ROK), up 1.1%, Weyerhaeuser ( WY), up 1.2% and Emerson Electric ( EMR), up 0.7%. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 3.29, Siemens ( SI), down 1.78 and ABB ( ABB), down 1.68.

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

5. Terex ( TEX) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Terex is up $1.54 (4.37) to $36.80 on average volume Thus far, 1.6 million shares of Terex exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $34.80-$37.12 after having opened the day at $35.03 as compared to the previous trading day's close of $35.26.

Terex Corporation operates as an equipment manufacturer of specialized machinery products. Terex has a market cap of $3.9 billion and is part of the industrial industry. The company has a P/E ratio of 38.4, above the S&P 500 P/E ratio of 17.7. Shares are up 25.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Terex a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Terex as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Terex Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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