3 Stocks Driving 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 45 points (-0.3%) at 14,466 as of Thursday, March 21, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,235 issues advancing vs. 1,661 declining with 139 unchanged.

The Materials & Construction industry currently sits down 0.4% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was James Hardie Industries ( JHX), up 1.6%. On the negative front, top decliners within the industry include Toll Brothers ( TOL), down 1.9%, Lennar Corporation ( LEN), down 1.7%, Vulcan Materials Company ( VMC), down 1.6%, Masco Corporation ( MAS), down 1.4% and Sherwin-Williams Company ( SHW), down 0.8%.

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

3. Plum Creek Timber ( PCL) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Plum Creek Timber is up $0.38 (0.8%) to $50.50 on average volume Thus far, 400,818 shares of Plum Creek Timber exchanged hands as compared to its average daily volume of 715,800 shares. The stock has ranged in price between $49.85-$50.53 after having opened the day at $49.95 as compared to the previous trading day's close of $50.12.

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 $8.1 billion and is part of the financial sector. The company has a P/E ratio of 39.7, above the S&P 500 P/E ratio of 17.7. Shares are up 11.9% year to date as of the close of trading on Wednesday. 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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