3 Industrial Goods Stocks Driving The Sector Higher

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 104 points (-0.6%) at 17,824 as of Wednesday, May 6, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 986 issues advancing vs. 2,035 declining with 119 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the sector include Vulcan Materials ( VMC), up 2.6%, CNH Industrial ( CNHI), up 2.2%, ITT ( ITT), up 1.9%, Stanley Black & Decker ( SWK), up 1.4% and Rockwell Automation ( ROK), up 1.2%. On the negative front, top decliners within the sector include Skullcandy ( SKUL), down 25.7%, 3D Systems ( DDD), down 5.1%, Clarcor ( CLC), down 2.3% and Waste Management ( WM), down 0.8%.

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

3. TransDigm Group ( TDG) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, TransDigm Group is up $4.50 (2.1%) to $219.43 on heavy volume. Thus far, 244,832 shares of TransDigm Group exchanged hands as compared to its average daily volume of 319,600 shares. The stock has ranged in price between $214.52-$219.85 after having opened the day at $216.08 as compared to the previous trading day's close of $214.93.

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TransDigm Group Incorporated, through its subsidiaries, designs, produces, and supplies aerospace components for commercial and military aircraft customers in the United States. The company operates through three segments: Power & Control, Airframe, and Non-aviation. TransDigm Group has a market cap of $11.6 billion and is part of the aerospace/defense industry. Shares are up 12.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate TransDigm Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TransDigm Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full TransDigm Group Ratings Report now.

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2. As of noon trading, Textron ( TXT) is up $0.43 (1.0%) to $44.83 on average volume. Thus far, 1.2 million shares of Textron exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $44.34-$44.91 after having opened the day at $44.60 as compared to the previous trading day's close of $44.40.

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Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $12.4 billion and is part of the aerospace/defense industry. Shares are up 5.9% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Textron a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Textron Ratings Report now.

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1. As of noon trading, Martin Marietta Materials ( MLM) is up $3.14 (2.1%) to $150.02 on average volume. Thus far, 470,968 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 820,500 shares. The stock has ranged in price between $145.38-$150.62 after having opened the day at $147.23 as compared to the previous trading day's close of $146.88.

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Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. Martin Marietta Materials has a market cap of $10.0 billion and is part of the materials & construction industry. Shares are up 34.5% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Martin Marietta Materials a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Martin Marietta Materials as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Martin Marietta Materials Ratings Report now.

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If you are interested in one of these 3 stocks, 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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