4 Stocks Pushing The Materials & Construction Industry Higher

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Materials & Construction industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Gafisa ( GFA), up 4.1%, Cemex S.A.B. de C.V ( CX), up 1.7%, PulteGroup ( PHM), up 0.8% and Fluor Corporation ( FLR), up 0.8%. A company within the industry that fell today was Universal Forest Products ( UFPI), up 3.1%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Foster Wheeler ( FWLT) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Foster Wheeler is up $0.32 (1.4%) to $22.78 on light volume Thus far, 296,594 shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $22.46-$22.88 after having opened the day at $22.57 as compared to the previous trading day's close of $22.46.

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 $2.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Foster Wheeler as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Foster Wheeler Ratings Report now.

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