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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 51 points (0.4%) at 13,835 as of Tuesday, Feb. 26, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,532 issues advancing vs. 1,325 declining with 146 unchanged.

The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the sector include Makita ( MKTAY), up 4.9%, Kubota Corporation ( KUB), up 4.2%, Masco Corporation ( MAS), up 2.3%, DR Horton ( DHI), up 2.1% and ABB ( ABB), up 1.2%.

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

5. Precision Castparts ( PCP) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Precision Castparts is up $1.25 (0.7%) to $181.86 on light volume Thus far, 189,313 shares of Precision Castparts exchanged hands as compared to its average daily volume of 672,000 shares. The stock has ranged in price between $181.15-$182.61 after having opened the day at $181.47 as compared to the previous trading day's close of $180.61.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $27.0 billion and is part of the industrial industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 4 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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Precision Castparts Ratings Report now.

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