4 Stocks Pushing The Industrial Goods Sector Lower

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Industrial Goods sector currently sits up 0.6% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Pall Corporation ( PLL), down 6.2%, Fastenal Company ( FAST), down 1.2%, Cemex S.A.B. de C.V ( CX), down 0.7%, Kubota Corporation ( KUB), down 1.1% and CNH Global ( CNH), down 1.5%. Top gainers within the sector include Generac Holdings ( GNRC), up 7.5%, Rockwell Automation Incorporated ( ROK), up 3.3%, Dover Corporation ( DOV), up 3.5%, Lennar Corporation ( LEN), up 2.6% and PulteGroup ( PHM), up 2.7%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Raytheon Company ( RTN) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Raytheon Company is down $0.53 (-0.9%) to $56.50 on light volume Thus far, 789,565 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $56.39-$56.92 after having opened the day at $56.83 as compared to the previous trading day's close of $57.03.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $18.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are up 17.9% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Raytheon Company a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Raytheon Company Ratings Report now.

3. As of noon trading, Northrop Grumman ( NOC) is down $0.26 (-0.4%) to $68.72 on light volume Thus far, 641,392 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $68.10-$68.82 after having opened the day at $68.58 as compared to the previous trading day's close of $68.98.

Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, and technical services worldwide. Northrop Grumman has a market cap of $16.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are up 17.9% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Northrop Grumman a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Northrop Grumman Ratings Report now.

2. As of noon trading, General Dynamics ( GD) is down $0.72 (-1.1%) to $68.09 on light volume Thus far, 712,858 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $67.97-$68.81 after having opened the day at $68.67 as compared to the previous trading day's close of $68.81.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $24.5 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Dynamics Ratings Report now.

1. As of noon trading, Lockheed Martin Corporation ( LMT) is down $0.18 (-0.2%) to $93.54 on light volume Thus far, 790,334 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $92.85-$93.67 after having opened the day at $93.49 as compared to the previous trading day's close of $93.72.

Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the United States and internationally. Lockheed Martin Corporation has a market cap of $30.5 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Lockheed Martin Corporation Ratings Report now.

If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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