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

Precision Castparts ( PCP) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.8%. By the end of trading, Precision Castparts rose $2.04 (1.3%) to $161.47 on average volume. Throughout the day, 788,264 shares of Precision Castparts exchanged hands as compared to its average daily volume of 739,300 shares. The stock ranged in a price between $158.48-$161.64 after having opened the day at $158.48 as compared to the previous trading day's close of $159.43. Other companies within the Industrial Goods sector that increased today were: Robbins & Myers Incorporated ( RBN), up 27.4%, A123 Systems ( AONE), up 22.6%, Middleby Corporation ( MIDD), up 13.5%, and Presstek ( PRST), up 13.3%.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $23.19 billion and is part of the industrial industry. The company has a P/E ratio of 18.1, below the average industrial industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 3.2% year to date as of the close of trading on Wednesday. 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 negative front, Broadwind Energy ( BWEN), down 11.1%, China Advanced Construction Materials Group ( CADC), down 8.5%, American Woodmark Corporation ( AMWD), down 5.6%, and Briggs & Stratton Corporation ( BGG), down 4.9%, were all laggards within the industrial goods sector with Pentair ( PNR) being today's industrial goods sector laggard.

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).

null

More from Markets

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

M&A Trends Still on Investors' Minds Despite Worries Over Tariffs -- ICYMI

M&A Trends Still on Investors' Minds Despite Worries Over Tariffs -- ICYMI

Dow Falls as U.S. Imposes Tariffs on $50 Billion of Chinese Goods

Dow Falls as U.S. Imposes Tariffs on $50 Billion of Chinese Goods

General Motors Spikes on Report It's Considering Listing Shares of Cruise Unit

General Motors Spikes on Report It's Considering Listing Shares of Cruise Unit