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Layne Christensen Company (LAYN): Today's Featured Materials & Construction Winner

The materials & construction industry closed the day down 2.7%. China Infrastructure Investment Corporation (CIIC), Sharps Compliance Corporation (SMED), Goldfield (GV), and Real Goods Solar Inc (RSOL) were all winners today within the materials & construction industry with Layne Christensen Company (LAYN) being today's featured materials & construction winner. Layne Christensen Company rose 46 cents (2%) to $23.21 on heavy volume. Throughout the day, 406,240 shares of Layne Christensen Company exchanged hands as compared to its average daily volume of 134,400 shares.

Layne Christensen Company and its subsidiaries provide drilling and construction services and related products to the water infrastructure and mineral exploration markets. Layne Christensen Company has a market cap of $428.2 million and is part of the industrial goods sector. The company has a P/E ratio of 10.6, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 33.9% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Layne Christensen as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Skyline Corporation (SKY), TRC Companies Inc (TRR), M/I Homes Inc (MHO), and Hovnanian Enterprises Inc (HOV) were all losers within the materials & construction industry with Cemex SAB de CV (CX) being today's materials & construction industry Loser Spotlight stock.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider SPDR S&P Homebuilders ETF (XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd (SBM).

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