Foster Wheeler Ltd. (FWLT): Today's Featured Materials & Construction Loser

Foster Wheeler ( FWLT) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day up 1.5%. By the end of trading, Foster Wheeler fell 29 cents (-1.6%) to $17.41 on heavy volume. Throughout the day, 2.1 million shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $17.21-$17.64 after having opened the day at $17.57 as compared to the previous trading day's close of $17.70. Other company's within the Materials & Construction industry that declined today were: India Globalization Capital ( IGC), down 3.7%, Real Goods Solar ( RSOL), down 3.1%, MasTec ( MTZ), down 2.5%, and United States Lime & Minerals ( USLM), down 2.3%.

Foster Wheeler AG, through its subsidiaries, operates as an engineering and construction contractor; and power generating equipment supplier worldwide. Foster Wheeler has a market cap of $1.96 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.7, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 10.4% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Foster Wheeler as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, 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 weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.

On the positive front, Goldfield ( GV), up 13.1%, Trex Company ( TREX), up 7.1%, Gafisa ( GFA), up 7.1%, and PGT ( PGTI), up 7%, were all gainers within the materials & construction industry with Fastenal Company ( FAST) 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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