4 Stocks Raising The Materials & Construction Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Materials & Construction industry currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Weyerhaeuser ( WY), up 1.7%, and Sherwin-Williams Company ( SHW), up 1.0%.

TheStreet 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 $1.16 (2.1%) to $55.80 on light volume. Thus far, 214,356 shares of Rayonier exchanged hands as compared to its average daily volume of 712,300 shares. The stock has ranged in price between $54.49-$55.91 after having opened the day at $54.62 as compared to the previous trading day's close of $54.64.

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 $7.0 billion and is part of the financial sector. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Rayonier a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and compelling growth in net income. 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, Plum Creek Timber ( PCL) is up $0.76 (1.6%) to $46.88 on light volume. Thus far, 314,368 shares of Plum Creek Timber exchanged hands as compared to its average daily volume of 966,800 shares. The stock has ranged in price between $46.00-$47.13 after having opened the day at $46.00 as compared to the previous trading day's close of $46.12.

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 $7.6 billion and is part of the financial sector. The company has a P/E ratio of 32.8, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Plum Creek Timber a buy, 1 analyst rates it a sell, and 5 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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Plum Creek Timber Ratings Report now.

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2. As of noon trading, Fastenal Company ( FAST) is up $0.28 (0.6%) to $46.12 on light volume. Thus far, 406,722 shares of Fastenal Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $45.78-$46.40 after having opened the day at $46.02 as compared to the previous trading day's close of $45.84.

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 $13.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 32.3, above the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

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 growth in earnings per share. 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 Fastenal Company Ratings Report now.

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1. As of noon trading, Chicago Bridge & Iron Company ( CBI) is up $0.42 (0.7%) to $60.55 on light volume. Thus far, 266,391 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 $60.12-$60.82 after having opened the day at $60.14 as compared to the previous trading day's close of $60.13.

Chicago Bridge & Iron Company N.V., an energy infrastructure focused company, 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 $6.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7. Shares are up 28.7% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Chicago Bridge & Iron Company a buy, 1 analyst rates 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 and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Chicago Bridge & Iron Company Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).
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