4 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Materials & Construction industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was James Hardie Industries ( JHX), up 1.7%.

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

4. Foster Wheeler ( FWLT) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Foster Wheeler is down $0.31 (-1.3%) to $23.45 on light volume Thus far, 363,075 shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $23.33-$23.80 after having opened the day at $23.76 as compared to the previous trading day's close of $23.76.

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 $2.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7. Shares are up 24.1% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and 4 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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