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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Precision Castparts ( PCP) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 1.5%. By the end of trading, Precision Castparts fell $2.33 (-1.1%) to $211.24 on light volume. Throughout the day, 401,160 shares of Precision Castparts exchanged hands as compared to its average daily volume of 695,300 shares. The stock ranged in price between $210.79-$213.67 after having opened the day at $213.62 as compared to the previous trading day's close of $213.57. Other companies within the Industrial industry that declined today were: Ecotality ( ECTY), down 30.8%, CVD Equipment Corporation ( CVV), down 10.1%, Euro Tech Holdings Company ( CLWT), down 7.5% and Taylor Devices ( TAYD), down 7.1%.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $30.9 billion and is part of the industrial goods sector. Shares are up 12.7% year to date as of the close of trading on Thursday. Currently there are 15 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, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Global-Tech Advanced Innovations ( GAI), up 11.3%, P & F Industries ( PFIN), up 5.8%, JinkoSolar ( JKS), up 4.7% and CECO Environmental ( CECE), up 3.3%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: 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%