3 Stocks Pushing The Materials & Construction Industry Lower

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%. A company within the industry that fell today was Universal Forest Products ( UFPI), up 3.1%. 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%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Waste Connections ( WCN) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Waste Connections is down $0.25 (-0.8%) to $32.67 on average volume Thus far, 353,338 shares of Waste Connections exchanged hands as compared to its average daily volume of 716,700 shares. The stock has ranged in price between $32.54-$33.18 after having opened the day at $33.18 as compared to the previous trading day's close of $32.92.

Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services. Waste Connections has a market cap of $4.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 24.1, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Waste Connections a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Waste Connections as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Waste Connections Ratings Report now.

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