Precision Castparts Corp. (PCP): Today's Featured Industrial Goods Laggard

Precision Castparts ( PCP) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.6%. By the end of trading, Precision Castparts fell $2.11 (-1.3%) to $156.08 on average volume. Throughout the day, 814,566 shares of Precision Castparts exchanged hands as compared to its average daily volume of 703,500 shares. The stock ranged in price between $155.58-$158.64 after having opened the day at $157.58 as compared to the previous trading day's close of $158.19. Other company's within the Industrial Goods sector that declined today were: Chicago Bridge & Iron Company ( CBI), down 14.2%, Armstrong World Industries ( AWI), down 12.8%, Highway Holdings ( HIHO), down 12.4%, and Lincoln Electric Holdings ( LECO), down 9%.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $22.81 billion and is part of the industrial industry. The company has a P/E ratio of 17.8, below the average industrial industry P/E ratio of 18.7 and equal to the S&P 500 P/E ratio of 17.7. Shares are down 4% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Precision Castparts as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Shaw Group ( SHAW), up 55.5%, Clean Diesel Technologies ( CDTI), up 20%, TriMas Corporation ( TRS), up 13.1%, and Intellicheck Mobilisa ( IDN), up 13%, were all gainers within the industrial goods sector with Quanta Services ( PWR) being today's featured industrial goods sector leader.

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).
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