Goodrich Stock Hits New 52-Week High (GR)

NEW YORK ( TheStreet) -- Goodrich Corporation (NYSE: GR) hit a new 52-week high Tuesday as it is currently trading at $126.23, above its previous 52-week high of $126.22 with 334,411 shares traded as of 1:15 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Goodrich has a market cap of $15.59 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 1.9% year to date as of the close of trading on Monday.

Goodrich Corporation supplies aerospace components, systems, and services for the commercial and general aviation airplane, and defense and space markets primarily in the United States, Europe, Canada, and the Asia Pacific. The company has a P/E ratio of 19.9, below the average aerospace/defense industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Goodrich 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Goodrich Ratings Report.

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