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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 or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 16,500 as of Friday, April 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,273 issues advancing vs. 1,704 declining with 143 unchanged.

The Industrial Goods sector currently sits down 1.2% versus the S&P 500, which is down 0.5%. Top gainers within the sector include James Hardie Industries ( JHX), up 1.8%, Mohawk Industries ( MHK), up 1.3%, Tenaris ( TS), up 0.8%, Waste Management ( WM), up 0.7% and Illinois Tool Works ( ITW), up 0.5%. On the negative front, top decliners within the sector include Middleby Corporation ( MIDD), down 2.7%, Nidec Corporation ( NJ), down 2.5%, Ingersoll-Rand ( IR), down 1.5%, Textron ( TXT), down 1.5% and Pentair ( PNR), down 1.4%.

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

3. Martin Marietta Materials ( MLM) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Martin Marietta Materials is up $2.71 (2.2%) to $127.41 on heavy volume. Thus far, 841,224 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 755,100 shares. The stock has ranged in price between $124.77-$130.00 after having opened the day at $124.77 as compared to the previous trading day's close of $124.70.

Martin Marietta Materials, Inc., together with its subsidiaries, produces and sells aggregates for the construction industry. The company operates in four segments: Mid-America Group, Southeast Group, West Group, and Specialty Products. Martin Marietta Materials has a market cap of $5.9 billion and is part of the materials & construction industry. Shares are up 24.8% year-to-date as of the close of trading on Thursday. Currently there are 2 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Martin Marietta Materials 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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