5 Stocks Boosting The Materials & Construction Industry Higher

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Materials & Construction industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include AAON ( AAON), up 4.5%, Caesarstone Sdot-Yam ( CSTE), up 1.6%, Trex Company ( TREX), up 2.0% and Quanta Services ( PWR), up 1.0%. On the negative front, top decliners within the industry include Vulcan Materials Company ( VMC), down 1.3%, and James Hardie Industries ( JHX), down 1.6%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Beacon Roofing Supply ( BECN) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Beacon Roofing Supply is up $0.57 (1.4%) to $40.32 on light volume. Thus far, 97,688 shares of Beacon Roofing Supply exchanged hands as compared to its average daily volume of 423,400 shares. The stock has ranged in price between $39.61-$40.51 after having opened the day at $39.81 as compared to the previous trading day's close of $39.75.

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials to contractors, home builders, building owners, and other resellers. Beacon Roofing Supply has a market cap of $1.9 billion and is part of the services sector. Shares are up 16.1% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Beacon Roofing Supply a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Beacon Roofing Supply 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Beacon Roofing Supply 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.

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