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

Precision Castparts ( PCP) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.3%. By the end of trading, Precision Castparts rose $5.90 (2.3%) to $260.23 on average volume. Throughout the day, 655,397 shares of Precision Castparts exchanged hands as compared to its average daily volume of 655,100 shares. The stock ranged in a price between $252.61-$260.57 after having opened the day at $253.76 as compared to the previous trading day's close of $254.33. Other companies within the Industrial industry that increased today were: Arotech ( ARTX), up 10.7%, IntriCon ( IIN), up 8.5%, Hydrogenics ( HYGS), up 7.5% and China Ming Yang Wind Power Group ( MY), up 6.5%.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $36.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 5.6% year to date as of the close of trading on Friday. 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, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Tecumseh Products ( TECUB), down 21.7%, L S Starrett ( SCX), down 7.2%, Ballard Power Systems ( BLDP), down 6.4% and Skullcandy ( SKUL), down 6.0% , were all laggards within the industrial industry with Manitowoc ( MTW) being today's industrial industry laggard.

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).

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

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers