Quanta Services Inc. (PWR): Today's Featured Industrial Goods Winner

Quanta Services ( PWR) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 1.3%. By the end of trading, Quanta Services rose 14 cents (0.6%) to $22.74 on average volume. Throughout the day, 2.4 million shares of Quanta Services exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $22.74-$23.10 after having opened the day at $22.74 as compared to the previous trading day's close of $22.60. Other companies within the Industrial Goods sector that increased today were: Continental Materials Corporation ( CUO), up 15.8%, Valence Technology ( VLNC), up 13.5%, PGT ( PGTI), up 10.7%, and Highway Holdings ( HIHO), up 7.4%.

Quanta Services, Inc. provides specialty contracting services primarily in North America. Quanta Services has a market cap of $4.79 billion and is part of the materials & construction industry. The company has a P/E ratio of 24.9, above the average materials & construction industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.9% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Quanta Services a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Quanta Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Cleantech Solutions International ( CLNT), down 24.2%, Guanwei Recycling ( GPRC), down 17.7%, China Development Group Corporation ( CTDC), down 13.7%, and Tri-Tech ( TRIT), down 12.6%, were all losers within the industrial goods sector with Tyco International ( TYC) being today's industrial goods sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
null

If you liked this article you might like

Stocks That Are Changing Direction

Here's Why This Rally Is Sustainable: Cramer's 'Mad Money' Recap (Tuesday 1/24/17)

Cramer: And Now, the Von Trump Family Singers With 'My Favorite Things'

Jim Cramer's Top Takeaways: What We Can Learn From 2016's Winners

Cramer's 'Mad Money' Recap (Tuesday 1/3/17): Better Buying Opportunities Are Lurking