Standard Pacific Corp (SPF): Today's Featured Industrial Goods Laggard

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

Standard Pacific ( SPF) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Standard Pacific fell $0.11 (-1.2%) to $8.71 on light volume. Throughout the day, 3,574,084 shares of Standard Pacific exchanged hands as compared to its average daily volume of 5,340,600 shares. The stock ranged in price between $8.56-$8.96 after having opened the day at $8.89 as compared to the previous trading day's close of $8.82. Other companies within the Industrial Goods sector that declined today were: Exide Technologies ( XIDE), down 40.1%, Breeze-Eastern Corporation ( BZC), down 10.0%, American Mold Guard Incorporated ( AMGI), down 10.0% and Flow International Corporation ( FLOW), down 8.9%.
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Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes targeting various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado. Standard Pacific has a market cap of $1.8 billion and is part of the materials & construction industry. The company has a P/E ratio of 5.7, below the S&P 500 P/E ratio of 17.7. Shares are up 20.0% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Standard Pacific a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Standard Pacific as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.

On the positive front, Ballard Power Systems ( BLDP), down 16.7%, Capstone Turbine Corporation ( CPST), down 9.2%, Dixie Group ( DXYN), down 8.9% and JinkoSolar ( JKS), down 8.6% , were all gainers within the industrial goods sector with Danaher Corporation ( DHR) being today's featured industrial goods sector leader.

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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