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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3. As of noon trading, Stericycle Incorporated ( SRCL) is up $1.74 (1.7%) to $103.99 on average volume Thus far, 233,191 shares of Stericycle Incorporated exchanged hands as compared to its average daily volume of 476,100 shares. The stock has ranged in price between $102.39-$104.02 after having opened the day at $102.67 as compared to the previous trading day's close of $102.25.

Stericycle, Inc., together with its subsidiaries, provides regulated waste management and related services. Stericycle Incorporated has a market cap of $8.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 33.2, above the S&P 500 P/E ratio of 17.7. Shares are up 9.6% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Stericycle Incorporated a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Stericycle Incorporated 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Stericycle Incorporated Ratings Report now.

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2. As of noon trading, Fluor Corporation ( FLR) is up $0.73 (1.2%) to $64.36 on light volume Thus far, 440,746 shares of Fluor Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $63.59-$64.52 after having opened the day at $63.95 as compared to the previous trading day's close of $63.63.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. Fluor Corporation has a market cap of $10.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Fluor Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor Corporation as a hold. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. Get the full Fluor Corporation Ratings Report now.

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1. As of noon trading, Waste Management ( WM) is up $0.35 (0.9%) to $38.23 on light volume Thus far, 833,421 shares of Waste Management exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $37.89-$38.26 after having opened the day at $37.95 as compared to the previous trading day's close of $37.88.

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 $17.6 billion and is part of the industrial goods sector. 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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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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