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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.2%) at 14,421 as of Monday, March 11, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,375 issues advancing vs. 1,531 declining with 142 unchanged.

The Materials & Construction industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Empresas ICA S.A.B. de C.V ( ICA), up 2.9%, and Weyerhaeuser ( WY), up 0.7%. A company within the industry that fell today was Fluor Corporation ( FLR), up 0.8%.

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

4. Armstrong World Industries ( AWI) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Armstrong World Industries is up $0.60 (1.1%) to $53.99 on light volume Thus far, 80,255 shares of Armstrong World Industries exchanged hands as compared to its average daily volume of 324,800 shares. The stock has ranged in price between $53.28-$54.19 after having opened the day at $53.28 as compared to the previous trading day's close of $53.39.

Armstrong World Industries, Inc. engages in the design, manufacture, and sale of flooring products and ceiling systems worldwide. Armstrong World Industries has a market cap of $3.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Armstrong World Industries a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Armstrong World Industries as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Armstrong World Industries Ratings Report now.

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3. As of noon trading, Plum Creek Timber ( PCL) is up $0.42 (0.8%) to $49.60 on average volume Thus far, 304,502 shares of Plum Creek Timber exchanged hands as compared to its average daily volume of 727,400 shares. The stock has ranged in price between $49.10-$49.74 after having opened the day at $49.18 as compared to the previous trading day's close of $49.18.

Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. Plum Creek Timber has a market cap of $8.0 billion and is part of the financial sector. The company has a P/E ratio of 39.2, above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Plum Creek Timber a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Plum Creek Timber as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Plum Creek Timber Ratings Report now.

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2. As of noon trading, Quanta Services ( PWR) is up $0.26 (0.9%) to $29.75 on average volume Thus far, 831,850 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $29.42-$29.91 after having opened the day at $29.50 as compared to the previous trading day's close of $29.49.

Quanta Services, Inc. provides specialty contracting services primarily in North America. Quanta Services has a market cap of $6.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 7.2% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Quanta Services a buy, no analysts rate it a sell, and 2 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Quanta Services Ratings Report now.

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1. As of noon trading, Republic Services ( RSG) is up $0.34 (1.1%) to $31.64 on average volume Thus far, 734,339 shares of Republic Services exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $31.18-$31.66 after having opened the day at $31.23 as compared to the previous trading day's close of $31.30.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $11.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Republic Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Republic Services Ratings Report now.

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If you are interested in one of these 4 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.
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