Quanta Services Inc. (PWR): Today's Featured Materials & Construction Laggard

Quanta Services ( PWR) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Quanta Services fell 79 cents (-3.4%) to $22.71 on heavy volume. Throughout the day, 3.2 million shares of Quanta Services exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $22.29-$23.12 after having opened the day at $22.99 as compared to the previous trading day's close of $23.50. Other company's within the Materials & Construction industry that declined today were: NVR ( NVR), down 14%, China Advanced Construction Materials Group ( CADC), down 8.6%, Integrated Electrical Services ( IESC), down 7.9%, and Louisiana-Pacific ( LPX), down 6.1%.

Quanta Services, Inc. provides specialty contracting services primarily in North America. Quanta Services has a market cap of $4.92 billion and is part of the industrial goods sector. The company has a P/E ratio of 25.6, above the average materials & construction industry P/E ratio of 25.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Wednesday. 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 positive front, Tri-Tech ( TRIT), up 11.5%, Gafisa ( GFA), up 8.1%, Foster Wheeler ( FWLT), up 6.4%, and Guanwei Recycling ( GPRC), up 4.5%, were all gainers within the materials & construction industry with Fastenal Company ( FAST) being today's featured materials & construction industry leader.

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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