4 Industrial Goods Stocks Pushing Sector Growth

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 1 points (0.0%) at 15,277 as of Thursday, May 16, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,398 issues advancing vs. 1,509 declining with 138 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.10. Top gainers within the sector include CAE ( CAE), up 6.0%, Joy Global ( JOY), up 1.7%, Danaher Corporation ( DHR), up 0.8% and CNH Global ( CNH), up 0.8%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 3.03, Lennar Corporation ( LEN), down 1.78, Fastenal Company ( FAST), down 1.42, Kubota Corporation ( KUB), down 1.10 and Honeywell International ( HON), down 0.73.

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

4. Flowserve Corporation ( FLS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Flowserve Corporation is up $1.65 (0.99) to $167.92 on average volume Thus far, 161,330 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 406,900 shares. The stock has ranged in price between $165.24-$169.51 after having opened the day at $165.99 as compared to the previous trading day's close of $166.27.

Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. Flowserve Corporation has a market cap of $7.9 billion and is part of the industrial industry. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 13.3% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Flowserve Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Flowserve Corporation Ratings Report now.

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3. As of noon trading, Terex ( TEX) is up $0.65 (2.04) to $32.50 on average volume Thus far, 1.8 million shares of Terex exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $31.56-$33.04 after having opened the day at $31.56 as compared to the previous trading day's close of $31.85.

Terex Corporation operates as an equipment manufacturer of specialized machinery products. Terex has a market cap of $3.6 billion and is part of the industrial industry. The company has a P/E ratio of 35.2, above the S&P 500 P/E ratio of 17.7. Shares are up 13.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Terex a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Terex as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Terex Ratings Report now.

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2. As of noon trading, Chicago Bridge & Iron Company ( CBI) is up $2.45 (4.24) to $60.21 on heavy volume Thus far, 2.2 million shares of Chicago Bridge & Iron Company exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $57.89-$60.31 after having opened the day at $58.81 as compared to the previous trading day's close of $57.76.

Chicago Bridge & Iron Company N.V., an energy infrastructure focused company, provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide. Chicago Bridge & Iron Company has a market cap of $6.2 billion and is part of the materials & construction industry. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 24.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Chicago Bridge & Iron Company a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, 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 Chicago Bridge & Iron Company Ratings Report now.

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1. As of noon trading, General Dynamics ( GD) is up $0.39 (0.51) to $77.00 on average volume Thus far, 920,042 shares of General Dynamics exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $76.37-$77.05 after having opened the day at $76.37 as compared to the previous trading day's close of $76.61.

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 $27.1 billion and is part of the aerospace/defense industry. Shares are up 10.6% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 5 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 increase in stock price during the past year, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full General Dynamics Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 4 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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