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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,592 issues advancing vs. 1,268 declining with 151 unchanged.

The Materials & Construction industry currently sits up 0.1% versus the S&P 500, which is up 0.2%.

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

4. Granite Construction ( GVA) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Granite Construction is down $3.46 (-9.8%) to $31.71 on heavy volume Thus far, 441,110 shares of Granite Construction exchanged hands as compared to its average daily volume of 209,000 shares. The stock has ranged in price between $31.26-$34.98 after having opened the day at $34.98 as compared to the previous trading day's close of $35.17.

Granite Construction Incorporated, through its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the United States. Granite Construction has a market cap of $1.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Granite Construction a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Granite Construction as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Granite Construction Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

3. As of noon trading, Fastenal Company ( FAST) is down $0.75 (-1.4%) to $51.54 on light volume Thus far, 347,650 shares of Fastenal Company exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $51.50-$52.27 after having opened the day at $52.27 as compared to the previous trading day's close of $52.29.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States and internationally. Fastenal Company has a market cap of $15.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 35.8, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Fastenal Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Fastenal Company Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, Toll Brothers ( TOL) is down $0.63 (-1.8%) to $34.24 on average volume Thus far, 1.5 million shares of Toll Brothers exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $34.18-$35.34 after having opened the day at $34.97 as compared to the previous trading day's close of $34.87.

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities. It is also involved in building or converting existing rental apartment buildings into high-, mid-, and low-rise luxury homes. Toll Brothers has a market cap of $5.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Toll Brothers a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Toll Brothers 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, notable return on equity, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Toll Brothers Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, DR Horton ( DHI) is down $0.31 (-1.4%) to $22.34 on light volume Thus far, 2.0 million shares of DR Horton exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $22.34-$22.96 after having opened the day at $22.67 as compared to the previous trading day's close of $22.65.

D.R. Horton, Inc. operates as a homebuilding company. The company engages in the acquisition and development of land; and construction and sale of residential homes in 26 states and 77 markets in the United States primarily under the D.R. Horton, America's Builder name. DR Horton has a market cap of $7.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are up 14.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate DR Horton a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates DR Horton 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, notable return on equity, 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. Get the full DR Horton Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.
null