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 was unchanged today. By the end of trading, Precision Castparts fell $3.53 (-1.4%) to $256.18 on light volume. Throughout the day, 424,296 shares of Precision Castparts exchanged hands as compared to its average daily volume of 700,300 shares. The stock ranged in price between $255.45-$260.00 after having opened the day at $260.00 as compared to the previous trading day's close of $259.71. Other companies within the Industrial industry that declined today were: China Recycling Energy ( CREG), down 6.7%, Electro Scientific Industries ( ESIO), down 6.5%, CVD Equipment ( CVV), down 5.4% and Flowserve ( FLS), down 5.3%.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $37.3 billion and is part of the industrial goods sector. Shares are down 3.6% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that 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, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Global-Tech Advanced Innovations ( GAI), up 7.4%, Clean Diesel Technologies ( CDTI), up 7.2%, MFRI ( MFRI), up 7.2% and Timken ( TKR), up 6.5% , were all gainers within the industrial industry with Cummins ( CMI) being today's featured industrial industry leader.

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.

If you liked this article you might like

DOW, TJX, GOOGL: Jim Cramer's Views

DOW, TJX, GOOGL: Jim Cramer's Views

Cramer: These Are the Times That Try Our Theses

Cramer: These Are the Times That Try Our Theses

Cramer: Alcoa Shows Astounding Growth in Europe and China

Cramer: Alcoa Shows Astounding Growth in Europe and China

Common Sense Says Market Will Hold Steady

Common Sense Says Market Will Hold Steady

Alcoa Puts 3 Dissidents on Board, Just Meeting Activist's Deadline

Alcoa Puts 3 Dissidents on Board, Just Meeting Activist's Deadline