Progressive Waste Solutions Ltd (BIN): Today's Featured Materials & Construction Loser

The materials & construction industry closed the day up 1.9%. US Concrete Inc ( USCR), Continental Materials Corporation ( CUO), Real Goods Solar Inc ( RSOL), and Jewett-Cameron Trading Company ( JCTCF) were all decliners today within the materials & construction industry with Progressive Waste Solutions ( BIN) 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 hold. 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 ( OC), China Infrastructure Investment Corporation ( CIIC), Nobility Homes Inc ( NOBH), and Standard Pacific ( SPF) were all gainers within the materials & construction industry with Waste Management Inc ( WM) 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 ( XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd ( SBM).

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