3 Materials & Construction Stocks Driving The 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 36 points (0.3%) at 14,562 as of Thursday, March 28, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,256 declining with 162 unchanged.

The Materials & Construction industry currently sits down 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include James Hardie Industries ( JHX), up 1.7%, Weyerhaeuser ( WY), up 1.2% and Fluor Corporation ( FLR), up 1.1%. On the negative front, top decliners within the industry include Aegion ( AEGN), down 7.0%, Lennar Corporation ( LEN), down 1.6% and Vulcan Materials Company ( VMC), down 0.7%.

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 $0.56 (1.1%) to $52.16 on average volume Thus far, 347,664 shares of Plum Creek Timber exchanged hands as compared to its average daily volume of 729,400 shares. The stock has ranged in price between $51.44-$52.17 after having opened the day at $51.75 as compared to the previous trading day's close of $51.60.

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 $8.3 billion and is part of the financial sector. The company has a P/E ratio of 40.9, above the S&P 500 P/E ratio of 17.7. Shares are up 16.3% 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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2. As of noon trading, Chicago Bridge & Iron Company ( CBI) is up $2.67 (4.5%) to $61.68 on heavy volume Thus far, 2.7 million shares of Chicago Bridge & Iron Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $60.55-$62.73 after having opened the day at $60.56 as compared to the previous trading day's close of $59.01.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide. Chicago Bridge & Iron Company has a market cap of $6.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 27.3% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Chicago Bridge & Iron Company a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Chicago Bridge & Iron Company Ratings Report now.

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1. As of noon trading, Cemex S.A.B. de C.V ( CX) is up $0.06 (0.5%) to $12.19 on light volume Thus far, 3.8 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 17.6 million shares. The stock has ranged in price between $12.07-$12.34 after having opened the day at $12.14 as compared to the previous trading day's close of $12.13.

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 $13.4 billion and is part of the industrial goods sector. Shares are up 22.9% year to date as of the close of trading on Wednesday. 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 3 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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