Northrop Grumman Corp (NOC): Today's Featured Industrial Goods Winner

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.

Northrop Grumman ( NOC) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.4%. By the end of trading, Northrop Grumman rose $2.30 (2.0%) to $115.55 on average volume. Throughout the day, 2,002,216 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1,339,100 shares. The stock ranged in a price between $112.02-$116.55 after having opened the day at $112.27 as compared to the previous trading day's close of $113.25. Other companies within the Industrial Goods sector that increased today were: Manitowoc ( MTW), up 14.9%, Ballard Power Systems ( BLDP), up 8.2%, Hydrogenics Corporation ( HYGS), up 6.0% and L-3 Communications Holdings ( LLL), up 5.4%.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $24.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Northrop Grumman a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, UQM Technologies ( UQM), down 16.3%, Polypore International ( PPO), down 8.2%, Griffon Corporation ( GFF), down 7.6% and Acorn Energy ( ACFN), down 7.5% , were all laggards within the industrial goods sector with Dover Corporation ( DOV) 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).

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