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 closed the day down 0.6%. By the end of trading, Fluor Corporation rose $0.89 (1.1%) to $78.83 on average volume. Throughout the day, 1,607,631 shares of Fluor Corporation exchanged hands as compared to its average daily volume of 1,323,100 shares. The stock ranged in a price between $77.43-$79.01 after having opened the day at $77.77 as compared to the previous trading day's close of $77.94. Other companies within the Materials & Construction industry that increased today were:
), up 5.3%,
), up 4.0%,
), up 3.7% and
), up 3.3%.
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Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. Fluor Corporation has a market cap of $12.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 32.7% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Fluor Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Fluor Corporation Ratings Report.
On the negative front,
), down 6.2%,
), down 5.1%,
), down 5.0% and
), down 4.2% , were all laggards within the materials & construction industry with
) being today's materials & construction industry laggard.
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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.