4 Stocks Dragging In The Materials & Construction Industry

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 142 points (1.0%) at 14,816 as of Wednesday, April 10, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,253 issues advancing vs. 654 declining with 139 unchanged.

The Materials & Construction industry currently sits up 0.7% versus the S&P 500, which is up 1.2%. A company within the industry that increased today was Sherwin-Williams Company ( SHW), up 0.87.

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

4. Fastenal Company ( FAST) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Fastenal Company is down $1.57 (-3.1%) to $49.31 on heavy volume Thus far, 2.6 million shares of Fastenal Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $48.10-$50.32 after having opened the day at $48.92 as compared to the previous trading day's close of $50.88.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal Company has a market cap of $14.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 35.4, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Fastenal Company 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, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Fastenal Company Ratings Report now.

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