The materials & construction industry closed the day down 4.7%. India Globalization Capital Inc ( IGC) were all winners today within the materials & construction industry with McDermott International Inc ( MDR) being today's featured materials & construction winner. McDermott International Inc rose 54 cents (5%) to $11.30 on heavy volume. Throughout the day, 7.5 million shares of McDermott International Inc exchanged hands as compared to its average daily volume of 4.2 million shares. McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company focuses on designing and executing complex offshore oil and gas projects. McDermott International Inc has a market cap of $2.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 16.6, above the average materials & construction industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Friday. TheStreet Ratings rates McDermott International as a hold. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.
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