NEW YORK ( TheStreet) -- Caterpillar ( CAT), Hewlett-Packard ( HPQ), Alcoa ( AA), Chevron ( CVX) and United Technologies ( UTX) were the worst-performing stocks in the Dow Jones Industrial Average in March. The Dow gained 1.79%, or 231.74 points, to 13,212.04 during the month.
Caterpillar shares fell 6.06% to $106.52 in March. The mining and construction equipment company said in an 8-K filing that its sales in North America, Latin America and the Asia/Pacific region increased in February but at a slower pace than they did the previous month. Caterpillar has an estimated price-to-earnings ratio for next year of 9.38 times; the average for commercial vehicle and truck companies is 20.58. For comparison, Deere ( DE) has a higher forward P/E of 9.49.. Nineteen of the 26 analysts who cover Caterpillar rated it buy; seven analysts gave the stock a hold rating. TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $122.45 price target.
Shares of Alcoa fell 2.43% in March to $10.02. In the news in March, Alcoa and Saudi Arabian company Ma'aden announced that they are trying to extend the project mix that will come from their Saudi Arabian aluminum. Alcoa's forward P/E is 10.81 times; the average for aluminum companies is 10.29.. For comparison, Kaiser Aluminum's ( KALU) forward P/E is 13.02. Ten of the 21 analysts who cover Alcoa rated it hold. Eight analysts gave the stock a buy rating and three rated it sell. TheStreet Ratings gives Alcoa a C grade and hold rating.
Shares of United Technologies fell 1.45% to $82.94 in March. The European Union is looking closely at the industrial company's acquisition of Goodrich. United Technologies' forward P/E is 12.54 times; the average among its peers is 12.05.. Twenty of the 25 analysts who cover United Technologies rated it buy; five analysts gave the stock a hold rating. TheStreet Ratings gives United Technologies an A- grade with a buy rating and $95.08 price target. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.