Today's Top Performers In Industrial Goods

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.4%) at 16,911 as of Tuesday, Aug. 19, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,966 issues advancing vs. 988 declining with 181 unchanged.

The Industrial Goods sector currently sits up 0.6% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Kennametal ( KMT), up 4.2%, Owens-Corning ( OC), up 3.7%, Lennar ( LEN), up 3.2%, USG ( USG), up 3.0% and DR Horton ( DHI), up 2.7%. A company within the sector that fell today was Nidec ( NJ), up 1.2%.

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

3. General Dynamics ( GD) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, General Dynamics is up $0.74 (0.6%) to $121.92 on light volume. Thus far, 452,443 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $121.30-$121.98 after having opened the day at $121.40 as compared to the previous trading day's close of $121.18.

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General Dynamics Corporation operates as aerospace and defense company worldwide. General Dynamics has a market cap of $39.9 billion and is part of the aerospace/defense industry. Shares are up 26.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate General Dynamics a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Dynamics Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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