5 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.2%) at 14,513 as of Friday, March 15, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,578 declining with 140 unchanged.

The Materials & Construction industry currently sits down 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include EMCOR Group ( EME), up 1.8%, and PulteGroup ( PHM), up 1.0%. On the negative front, top decliners within the industry include Great Lakes Dredge & Dock Corporation ( GLDD), down 18.3%, Quanta Services ( PWR), down 1.2%, James Hardie Industries ( JHX), down 1.0% and DR Horton ( DHI), down 0.4%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Meritage Homes Corporation ( MTH) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Meritage Homes Corporation is up $1.56 (3.5%) to $46.13 on heavy volume Thus far, 907,761 shares of Meritage Homes Corporation exchanged hands as compared to its average daily volume of 550,300 shares. The stock has ranged in price between $44.53-$46.40 after having opened the day at $44.66 as compared to the previous trading day's close of $44.57.

Meritage Homes Corporation engages in designing and building single-family detached homes. It offers a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury. The company provides its homes under the Meritage Homes and Monterey Homes names. Meritage Homes Corporation has a market cap of $1.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Meritage Homes Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Meritage Homes Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Meritage Homes Corporation Ratings Report now.

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4. As of noon trading, Clean Harbors ( CLH) is up $0.67 (1.2%) to $56.66 on average volume Thus far, 336,628 shares of Clean Harbors exchanged hands as compared to its average daily volume of 792,000 shares. The stock has ranged in price between $55.40-$56.86 after having opened the day at $55.89 as compared to the previous trading day's close of $55.99.

Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services. Clean Harbors has a market cap of $3.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Clean Harbors a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Clean Harbors 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, attractive valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Clean Harbors Ratings Report now.

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3. As of noon trading, Ryland Group ( RYL) is up $1.26 (3.1%) to $41.44 on heavy volume Thus far, 1.0 million shares of Ryland Group exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $39.96-$41.50 after having opened the day at $40.00 as compared to the previous trading day's close of $40.18.

The Ryland Group, Inc. operates as a homebuilder and a mortgage-finance company in the United States. It engages in the design, construction, and sale of homes, as well as provides mortgage, title insurance, escrow, and insurance services. Ryland Group has a market cap of $1.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 43.8, above the S&P 500 P/E ratio of 17.7. Shares are up 10.1% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Ryland Group a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Ryland Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Ryland Group Ratings Report now.

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2. As of noon trading, Waste Management ( WM) is up $0.24 (0.6%) to $37.47 on light volume Thus far, 1.1 million shares of Waste Management exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $37.01-$37.49 after having opened the day at $37.08 as compared to the previous trading day's close of $37.23.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. Waste Management has a market cap of $17.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 10.3% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Waste Management a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Waste Management Ratings Report now.

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1. As of noon trading, Cemex S.A.B. de C.V ( CX) is up $0.11 (0.9%) to $12.15 on average volume Thus far, 6.8 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 16.3 million shares. The stock has ranged in price between $12.05-$12.19 after having opened the day at $12.18 as compared to the previous trading day's close of $12.04.

CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, and other construction materials worldwide. Cemex S.A.B. de C.V has a market cap of $13.1 billion and is part of the industrial goods sector. Shares are up 22.0% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Cemex S.A.B. de C.V a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cemex S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. Get the full Cemex S.A.B. de C.V Ratings Report now.

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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.

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