5 Stocks Pushing The Materials & Construction Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelThe Dow Jones Industrial Average (^DJI) steady at 13,953 as of Wednesday, Jan. 30, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,129 issues advancing vs. 1,699 declining with 163 unchanged.The Materials & Construction industry currently sits down 0.6% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the industry include McDermott International (MDR), down 4.4%, Louisiana-Pacific (LPX), down 3.1%, Vulcan Materials Company (VMC), down 2.4% and Plum Creek Timber (PCL), down 1.6%. A company within the industry that increased today was James Hardie Industries (JHX), up 2.2%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. Quanta Services (PWR) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Quanta Services is down $0.47 (-1.6%) to $29.44 on light volume Thus far, 626,667 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $29.28-$29.89 after having opened the day at $29.86 as compared to the previous trading day's close of $29.91.Quanta Services, Inc. provides specialty contracting services primarily in North America. Quanta Services has a market cap of $6.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Quanta Services a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Quanta Services 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, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Quanta Services Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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