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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.5%) at 14,495 as of Friday, March 22, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,725 issues advancing vs. 1,132 declining with 170 unchanged.

The Materials & Construction industry currently sits up 0.1% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Fastenal Company ( FAST), up 1.4%, and Weyerhaeuser ( WY), up 0.7%. A company within the industry that fell today was PulteGroup ( PHM), up 1.4%.

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

4. Rayonier ( RYN) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Rayonier is up $0.52 (0.9%) to $58.13 on average volume Thus far, 299,977 shares of Rayonier exchanged hands as compared to its average daily volume of 759,100 shares. The stock has ranged in price between $57.70-$58.39 after having opened the day at $57.70 as compared to the previous trading day's close of $57.61.

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. Rayonier has a market cap of $7.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 26.7, above the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Rayonier a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Rayonier Ratings Report now.

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