4 Stocks Underperforming Today In The Materials & Construction Industry

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%.

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

4. Foster Wheeler ( FWLT) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Foster Wheeler is down $0.62 (-2.8%) to $21.36 on average volume. Thus far, 578,207 shares of Foster Wheeler exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $21.15-$22.02 after having opened the day at $22.02 as compared to the previous trading day's close of $21.99.

Foster Wheeler AG, through its subsidiaries, operates in engineering and construction, as well as power generating equipment businesses worldwide. Foster Wheeler has a market cap of $2.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 9.6% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Foster Wheeler a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Foster Wheeler as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and feeble growth in the company's earnings per share. Get the full Foster Wheeler Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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