Precision Castparts Reaches New 52-Week High (PCP)

NEW YORK ( TheStreet) -- Precision Castparts Corp (NYSE: PCP) hit a new 52-week high Wednesday as it is currently trading at $174.04, above its previous 52-week high of $173.98 with 590,393 shares traded as of 2 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Precision Castparts has a market cap of $24.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 23% year to date as of the close of trading on Tuesday.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. The company has a P/E ratio of 23.4, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Precision Castparts as a buy. 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, growth in earnings per share, compelling growth in net income and good cash flow from operations. 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.

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