Goodrich Stock Hits New 52-Week High (GR)

NEW YORK ( TheStreet) -- Goodrich Corporation (NYSE: GR) hit a new 52-week high Wednesday as it is currently trading at $127.21, above its previous 52-week high of $127.20 with 456,094 shares traded as of 1:45 p.m. ET. Average volume has been 981,800 shares over the past 30 days.

Goodrich has a market cap of $16.01 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 2.8% year to date as of the close of trading on Tuesday.

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 20.3, equal to the average aerospace/defense industry P/E ratio 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Goodrich Ratings Report.

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