Precision Castparts Corp. (PCP): Today's Featured Industrial Goods Winner

Precision Castparts ( PCP) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.4%. By the end of trading, Precision Castparts rose $4.00 (1.8%) to $230.01 on average volume. Throughout the day, 718,132 shares of Precision Castparts exchanged hands as compared to its average daily volume of 664,300 shares. The stock ranged in a price between $226.34-$231.23 after having opened the day at $226.95 as compared to the previous trading day's close of $226.01. Other companies within the Industrial Goods sector that increased today were: China Valves Technology ( CVVT), up 44.0%, Perma-Fix Environmental Services ( PESI), up 25.0%, UQM Technologies ( UQM), up 20.8% and TRC Companies ( TRR), up 10.6%.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $33.0 billion and is part of the industrial industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 3 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Vertex Energy ( VTNR), down 6.0%, Industrial Services of America ( IDSA), down 5.9%, Manitex International ( MNTX), down 4.8% and AZZ ( AZZ), down 4.4% , were all laggards within the industrial goods sector with KB Home ( KBH) being today's industrial goods sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%