3 Industrial Goods Stocks Nudging The Sector Higher

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include ABB ( ABB), up 1.0%, Tenaris ( TS), up 0.9% and Siemens ( SI), up 0.6%. On the negative front, top decliners within the sector include Mohawk Industries ( MHK), down 2.2%, Nidec Corporation ( NJ), down 2.1%, Danaher Corporation ( DHR), down 0.8% and Boeing ( BA), down 0.5%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Worthington Industries ( WOR) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Worthington Industries is up $4.22 (9.9%) to $46.89 on heavy volume. Thus far, 586,997 shares of Worthington Industries exchanged hands as compared to its average daily volume of 353,400 shares. The stock has ranged in price between $43.68-$48.58 after having opened the day at $45.00 as compared to the previous trading day's close of $42.67.

Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Canada, Europe, and internationally. It operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. Worthington Industries has a market cap of $3.0 billion and is part of the industrial industry. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are up 64.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Worthington Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Worthington Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Worthington Industries Ratings Report now.

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

If you liked this article you might like

Healthcare and Tax Reform Crowd the Final Week of September

The Dow Gets Thrashed

Stock Futures Mixed as Walgreens, Rite Aid Strike a New Deal