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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.