3 Stocks Boosting The Industrial Goods Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 38 points (0.2%) at 16,236 as of Thursday, Feb. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,761 issues advancing vs. 1,149 declining with 174 unchanged.

The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the sector include GrafTech International ( GTI), up 13.4%, Huntington Ingalls Industries ( HII), up 3.2%, Embraer S.A ( ERJ), up 1.1%, Cemex S.A.B. de C.V ( CX), up 1.3% and Pall Corporation ( PLL), up 0.8%. A company within the sector that fell today was Weyerhaeuser ( WY), up 1.2%.

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

3. Precision Castparts ( PCP) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Precision Castparts is up $1.17 (0.5%) to $254.37 on light volume. Thus far, 144,125 shares of Precision Castparts exchanged hands as compared to its average daily volume of 657,700 shares. The stock has ranged in price between $251.71-$254.44 after having opened the day at $252.16 as compared to the previous trading day's close of $253.20.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $37.0 billion and is part of the industrial industry. Shares are down 6.0% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 2 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Precision Castparts Ratings Report now.

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