Precision Castparts ( PCP) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 0.6%. By the end of trading, Precision Castparts fell $2.08 (-1.3%) to $161.78 on light volume. Throughout the day, 716,846 shares of Precision Castparts exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $161.38-$164.98 after having opened the day at $164.47 as compared to the previous trading day's close of $163.86. Other company's within the Industrial Goods sector that declined today were: Bonso Electronics International Inc ( BNSO), down 8.6%, Goldfield ( GV), down 6.9%, Integrated Electrical Services Inc ( IESC), down 6.6%, and Skullcandy Inc ( SKUL), down 5.9%.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $23.76 billion and is part of the industrial industry. The company has a P/E ratio of 21.5, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 17.7% year to date as of the close of trading on Thursday.

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, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Patrick Industries Inc ( PATK), up 21.3%, Nortek Inc ( NTK), up 20.4%, Aerosonic Corporation ( AIM), up 17.7%, and Guanwei Recycling ( GPRC), up 15.9%, were all gainers within the industrial goods sector with Eaton ( ETN) being today's featured industrial goods sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).