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.
) 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:
), up 12.9%,
), up 8.0%,
), up 6.9% and
), up 3.6%.
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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
. 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.
- You can view the full Fastenal Ratings Report.
On the negative front,
), down 33.2%,
), down 9.8%,
), down 5.1% and
), down 4.0% , were all laggards within the materials & construction industry with
) being today's materials & construction industry laggard.
- Use our materials & construction section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider
) while those bearish on the materials & construction industry could consider
- Find other investment ideas from our top rated ETFs lists.