Chicago Bridge & Iron Company (CBI): Today's Featured Materials & Construction Laggard

Chicago Bridge & Iron Company ( CBI) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Chicago Bridge & Iron Company fell 86 cents (-2.3%) to $37.21 on heavy volume. Throughout the day, 2.8 million shares of Chicago Bridge & Iron Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $36.97-$38.03 after having opened the day at $38 as compared to the previous trading day's close of $38.07. Other companies within the Materials & Construction industry that declined today were: Casella Waste Systems ( CWST), down 8.8%, India Globalization Capital ( IGC), down 4.7%, Patrick Industries ( PATK), down 4.7%, and Caesarstone Sdot-Yam ( CSTE), down 4.2%.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to energy and natural resource industries worldwide. Chicago Bridge & Iron Company has a market cap of $3.68 billion and is part of the industrial goods sector. The company has a P/E ratio of 13.7, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.6% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Chicago Bridge & Iron Company a buy, no analysts rate it a sell, and three rate it a hold.

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

On the positive front, Energy Solutions ( ES), up 14.8%, Gafisa ( GFA), up 14.4%, Xinyuan Real Estate ( XIN), up 13.9%, and China Advanced Construction Materials Group ( CADC), up 9.3%, were all gainers within the materials & construction industry with Martin Marietta Materials ( MLM) 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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