5 Stocks Pushing The Industrial Goods Sector Higher

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 17 points (0.1%) at 13,052 as of Thursday, Dec. 6, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,459 issues advancing vs. 1,413 declining with 145 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Heico Corporation ( HEI.A), up 8.1%, Nidec Corporation ( NJ), up 2.6%, CAE ( CAE), up 2.1%, Toll Brothers ( TOL), up 1.5% and Weyerhaeuser ( WY), up 1.4%. On the negative front, top decliners within the sector include Kubota Corporation ( KUB), down 2.0%, Embraer S.A ( ERJ), down 1.4%, Masco Corporation ( MAS), down 1.3%, Cummins ( CMI), down 1.2% and General Dynamics ( GD), down 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Heico Corporation ( HEI) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Heico Corporation is up $2.88 (7.4%) to $42.01 on light volume Thus far, 53,115 shares of Heico Corporation exchanged hands as compared to its average daily volume of 141,900 shares. The stock has ranged in price between $41.26-$42.29 after having opened the day at $41.62 as compared to the previous trading day's close of $39.13.

HEICO Corporation, through its subsidiaries, engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services in the United States and internationally. Heico Corporation has a market cap of $903.6 million and is part of the aerospace/defense industry. The company has a P/E ratio of 28.2, above the S&P 500 P/E ratio of 17.7. Shares are down 9.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Heico Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Heico Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Heico Corporation Ratings Report now.

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