4 Materials & Construction Stocks Dragging The Industry Down

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%. 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%. A company within the industry that increased today was James Hardie Industries ( JHX), up 1.6%.

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

4. Quanta Services ( PWR) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Quanta Services is down $0.72 (-2.4%) to $28.73 on average volume Thus far, 863,774 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $28.67-$29.27 after having opened the day at $29.21 as compared to the previous trading day's close of $29.45.

Quanta Services, Inc. provides specialty contracting services and infrastructure solutions in North America and internationally. It operates in three segments: Electric Power Infrastructure Services; Natural Gas and Pipeline Infrastructure Services; and Fiber Optic Licensing and Other. 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 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Wednesday. 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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