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
) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Precision Castparts fell $3.40 (-2.1%) to $161.71 on light volume. Throughout the day, 490,401 shares of Precision Castparts exchanged hands as compared to its average daily volume of 679,100 shares. The stock ranged in price between $161.57-$163.81 after having opened the day at $163.62 as compared to the previous trading day's close of $165.11. Other companies within the Industrial industry that declined today were:
), down 14.7%,
), down 10.9%,
), down 9.6%, and
), down 8.4%.
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Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $24.08 billion and is part of the industrial goods sector. The company has a P/E ratio of 18.8, below the average industrial industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 0.5% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and seven 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Precision Castparts Ratings Report.
On the positive front,
), up 5.2%,
), up 3.9%,
), up 3.6%, and
), up 3.5%, 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
) while those bearish on the industrial industry could consider
- Find other investment ideas from our top rated ETFs lists.
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