Goodrich Reaches New 52-Week High (GR)

NEW YORK ( TheStreet) -- Goodrich Corporation (NYSE: GR) hit a new 52-week high Friday as it is currently trading at $122.34, above its previous 52-week high of $122.33 with 1.2 million shares traded as of 3:10 p.m. ET. Average volume has been 3.7 million shares over the past 30 days.

Goodrich has a market cap of $15.2 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 38.4% year to date as of the close of trading on Thursday.

Goodrich Corporation supplies aerospace components, systems, and services primarily in the United States, Canada, Europe, and the Asia Pacific. It operates in three segments: Actuation and Landing Systems, Nacelles and Interior Systems, and Electronic Systems. The company has a P/E ratio of 23, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Goodrich as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, solid stock price performance and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Goodrich Ratings Report.

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