Standard Pacific Corp (SPF): Today's Featured Industrial Goods Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Standard Pacific ( SPF) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Standard Pacific fell 85 cents (-11%) to $6.90 on heavy volume. Throughout the day, 14.7 million shares of Standard Pacific exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in price between $6.64-$7.35 after having opened the day at $7.30 as compared to the previous trading day's close of $7.75. Other companies within the Industrial Goods sector that declined today were: UQM Technologies ( UQM), down 20%, China BAK Battery ( CBAK), down 14.8%, Electro Scientific Industries ( ESIO), down 12.9%, and THT Heat Transfer Technology ( THTI), down 8%.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Standard Pacific Corp. operates as a diversified builder of single-family attached and detached homes in the United States. Standard Pacific has a market cap of $1.56 billion and is part of the materials & construction industry. The company has a P/E ratio of 97.4, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 145% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Standard Pacific a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Standard Pacific as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

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).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing