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Fastenal Co (FAST): Today's Featured Materials & Construction Winner

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.

Fastenal (FAST) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole was unchanged today. By the end of trading, Fastenal rose $0.65 (1.3%) to $50.08 on average volume. Throughout the day, 1,776,937 shares of Fastenal exchanged hands as compared to its average daily volume of 2,327,600 shares. The stock ranged in a price between $49.06-$50.17 after having opened the day at $49.37 as compared to the previous trading day's close of $49.43. Other companies within the Materials & Construction industry that increased today were: Sterling Construction (STRL), up 12.9%, Aegion (AEGN), up 8.0%, Tile Shop Holdings (TTS), up 6.9% and PGT (PGTI), up 3.6%.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal has a market cap of $14.7 billion and is part of the services sector. The company has a P/E ratio of 33.4, above the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Fastenal a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fastenal as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, Desarrolladora Homex SAB de CV ADR (HXM), down 33.2%, Vertex Energy (VTNR), down 9.8%, MagneGas (MNGA), down 5.1% and Guanwei Recycling (GPRC), down 4.0% , were all laggards within the materials & construction industry with USG (USG) being today's materials & construction industry laggard.

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).

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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