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.
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 0.7%. By the end of trading, Precision Castparts rose $2.44 (1.4%) to $175.38 on average volume. Throughout the day, 568,407 shares of Precision Castparts exchanged hands as compared to its average daily volume of 645,700 shares. The stock ranged in a price between $171.34-$175.62 after having opened the day at $173.55 as compared to the previous trading day's close of $172.94. Other companies within the Industrial Goods sector that increased today were:
Fuelcell Energy (
FCEL), up 13.2%,
Generac Holdings (
GNRC), up 12.4%,
India Globalization Capital (
IGC), up 11%, and
Bonso Electronics International (
BNSO), up 8.6%.
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Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $25.26 billion and is part of the industrial industry. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Friday. Currently there are 13 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 revenue growth, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.
On the negative front,
China Advanced Construction Materials Group (
CADC), down 12.6%,
Renewable Energy Trade Board (
EBOD), down 12.2%,
Art's-Way Manufacturing (
ARTW), down 9.2%, and
Skullcandy (
SKUL), down 8.7%, were all laggards within the industrial goods sector with
Manitowoc (
MTW) 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).
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