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TheStreet Open House
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Today's Top Performers In Materials & Construction

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 15 points (0.1%) at 15,467 as of Wednesday, July 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.

The Materials & Construction industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the industry include M.D.C. Holdings ( MDC), up 3.1%, Toll Brothers ( TOL), up 2.1%, DR Horton ( DHI), up 1.8%, PulteGroup ( PHM), up 1.7% and Cemex S.A.B. de C.V ( CX), up 1.4%. On the negative front, top decliners within the industry include AAON ( AAON), down 4.8%, and NCI Building Systems ( NCS), down 4.4%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Meritage Homes Corporation ( MTH) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Meritage Homes Corporation is up $1.47 (3.3%) to $46.47 on average volume. Thus far, 240,667 shares of Meritage Homes Corporation exchanged hands as compared to its average daily volume of 611,700 shares. The stock has ranged in price between $44.41-$46.57 after having opened the day at $45.13 as compared to the previous trading day's close of $45.00.

Meritage Homes Corporation engages in designing and building single-family detached homes. It offers a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury. The company provides its homes under the Meritage Homes and Monterey Homes names. Meritage Homes Corporation has a market cap of $1.6 billion and is part of the industrial goods sector. Shares are up 20.5% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Meritage Homes Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Meritage Homes Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Meritage Homes Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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