Waste Management Inc (WM): Today's Featured Materials & Construction Winner

Waste Management (WM) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day up 1.5%. By the end of trading, Waste Management rose 66 cents (2%) to $33.10 on heavy volume. Throughout the day, 8.4 million shares of Waste Management exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $32.01-$33.27 after having opened the day at $32.34 as compared to the previous trading day's close of $32.44. Other companies within the Materials & Construction industry that increased today were: PulteGroup (PHM), up 18.4%, Meritage Homes Corporation (MTH), up 12.8%, Patrick Industries (PATK), up 8.3%, and M.D.C. Holdings (MDC), up 6.5%.

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Waste Management, Inc., through its subsidiaries, provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling, and disposal services. Waste Management has a market cap of $15.06 billion and is part of the industrial goods sector. The company has a P/E ratio of 16, 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 0.6% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Waste Management a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Waste Management Ratings Report.

On the negative front, China Advanced Construction Materials Group (CADC), down 18.8%, Vulcan Materials Company (VMC), down 10.3%, Energy Solutions (ES), down 7.1%, and Trex Company (TREX), down 4.1%, were all laggards within the materials & construction industry with Martin Marietta Materials (MLM) being today's materials & construction industry laggard.

• Use our materials & construction section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Waste Management Inc click any of the following:

• Waste Management Inc Stock Price

• Waste Management Inc Analyst Ratings

• Waste Management Inc Key Stats & Profile

• Waste Management Inc Earnings

• Waste Management Inc Ratio Comparison

• Waste Management Inc Growth Rates

• Waste Management Inc Balance Sheet

• Waste Management Inc Cash Flow

• Waste Management Inc Income Statement