3 Materials & Construction Stocks Pushing Industry Growth

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 8 points (0.1%) at 15,256 as of Monday, June 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,353 issues advancing vs. 1,578 declining with 107 unchanged.

The Materials & Construction industry currently sits down 0.17 versus the S&P 500, which is up 0.1%. A company within the industry that increased today was Vulcan Materials Company ( VMC), up 2.47. On the negative front, top decliners within the industry include DR Horton ( DHI), down 2.59, Toll Brothers ( TOL), down 2.41 and PulteGroup ( PHM), down 1.99.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Clean Harbors ( CLH) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Clean Harbors is up $1.01 (1.84) to $55.80 on heavy volume Thus far, 630,292 shares of Clean Harbors exchanged hands as compared to its average daily volume of 479,900 shares. The stock has ranged in price between $55.62-$56.34 after having opened the day at $56.20 as compared to the previous trading day's close of $54.79.

Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services in the United States, Puerto Rico, Canada, and internationally. It operates in four segments: Technical Services, Field Services, Industrial Services, and Oil and Gas Field Services. Clean Harbors has a market cap of $3.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 27.8, above the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Clean Harbors a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Clean Harbors 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 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 Clean Harbors Ratings Report now.

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