materials & construction

industry closed the day up 1.9%.

US Concrete Inc




Continental Materials Corporation




Real Goods Solar Inc



), and

Jewett-Cameron Trading Company



) were all decliners today within the materials & construction industry with

Progressive Waste Solutions



) being today's featured materials & construction loser. Progressive Waste Solutions fell $1.48 (-6.4%) to $21.52 on heavy volume. Throughout the day, 1.2 million shares of Progressive Waste Solutions exchanged hands as compared to its average daily volume of 472,500 shares.

Progressive Waste Solutions Ltd. operates as a vertically integrated waste management company in North America. The company provides non-hazardous solid waste collection and landfill disposal services to commercial, industrial, municipal, and residential customers. Progressive Waste Solutions has a market cap of $2.8 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 26.6, below the average materials & construction industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 5.3% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Progressive Waste as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front,

Owens Corning Incorporated




China Infrastructure Investment Corporation




Nobility Homes Inc



), and

Standard Pacific



) were all gainers within the materials & construction industry with

Waste Management Inc



) being today's featured materials & construction industry winner.

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



) while those bearish on the materials & construction industry could consider

ProShares Short Basic Materials Fd