Precision Castparts Corp. (PCP): Today's Featured Industrial Laggard
(
) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Precision Castparts fell $3.51 (-1.5%) to $231.50 on average volume. Throughout the day, 919,290 shares of Precision Castparts exchanged hands as compared to its average daily volume of 671,500 shares. The stock ranged in price between $231.38-$238.00 after having opened the day at $236.81 as compared to the previous trading day's close of $235.01. Other companies within the Industrial industry that declined today were:
(
), down 12.7%,
(
), down 7.8%,
(
), down 5.8% and
China Ming Yang Wind Power Group
(
), down 5.5%.
Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $33.6 billion and is part of the industrial goods sector. Shares are up 24.1% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Precision Castparts
as a
. 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, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Precision Castparts Ratings Report.
On the positive front,
China Recycling Energy Corporation
(
), up 19.1%,
(
), up 9.8%,
(
), up 8.9% and
(
), up 7.7% , were all gainers within the industrial industry with
(
) being today's featured industrial industry leader.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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