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.

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 liked this article you might like

Lumber, Homebuilder Stocks Slip Following Canada Tariff Announcement

Analysts' Actions -- Ford, Intel, Twitter, Viacom and More

These Seemingly Boring Investments Can Generate Exciting Returns

Trade-Ideas: Rayonier (RYN) Is Today's Strong And Under The Radar Stock