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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Quanta Services ( PWR) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole was unchanged today. By the end of trading, Quanta Services rose 46 cents (1.8%) to $25.86 on heavy volume. Throughout the day, 3.9 million shares of Quanta Services exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $25.76-$26.28 after having opened the day at $25.90 as compared to the previous trading day's close of $25.40. Other companies within the Industrial Goods sector that increased today were: IntriCon Corporation ( IIN), up 13.6%, PMFG ( PMFG), up 8.8%, India Globalization Capital ( IGC), up 7.4%, and Taylor Devices ( TAYD), up 7.2%.
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Quanta Services, Inc. provides specialty contracting services primarily in North America. Quanta Services has a market cap of $5.54 billion and is part of the materials & construction industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 16.5% year to date as of the close of trading on Thursday. Currently there are 10 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, Intellicheck Mobilisa ( IDN), down 11.8%, Ecotality ( ECTY), down 8.6%, Advanced Emissions Solutions ( ADES), down 7.2%, and Tecumseh Products Company ( TECUB), down 6.5%, were all laggards within the industrial goods sector with Parker Hannifin Corporation ( PH) being today's industrial goods sector laggard.

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).

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