Today's Stocks Driving Success For The Industrial Goods Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 6 points (0.0%) at 14,695 as of Friday, April 26, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 953 issues advancing vs. 1,941 declining with 134 unchanged.

The Industrial Goods sector currently sits down 0.84 versus the S&P 500, which is down 0.43. Top gainers within the sector include DR Horton ( DHI), up 6.5%, Republic Services ( RSG), up 2.0%, PulteGroup ( PHM), up 1.9% and Nidec Corporation ( NJ), up 1.6%. On the negative front, top decliners within the sector include Dresser-Rand Group ( DRC), down 5.97, Embraer S.A ( ERJ), down 4.63, Kubota Corporation ( KUB), down 3.60, Vulcan Materials Company ( VMC), down 3.21 and Stanley Black & Decker ( SWK), down 2.21.

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

4. Raytheon Company ( RTN) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Raytheon Company is up $0.70 (1.18) to $60.00 on average volume Thus far, 1.0 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $59.39-$60.18 after having opened the day at $59.59 as compared to the previous trading day's close of $59.30.

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 $19.0 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 3.0% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures 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 Raytheon Company Ratings Report now.

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