3 Stocks Underperforming Today In The Materials & Construction Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

The Materials & Construction industry currently sits up 0.4% versus the S&P 500, which is unchanged. A company within the industry that fell today was Republic Services ( RSG), up 1.9%. Top gainers within the industry include Louisiana-Pacific ( LPX), up 2.7%, Quanta Services ( PWR), up 2.5%, James Hardie Industries ( JHX), up 1.9%, Weyerhaeuser ( WY), up 1.8% and NVR ( NVR), up 1.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Progressive Waste Solutions ( BIN) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Progressive Waste Solutions is down $0.44 (-1.8%) to $24.77 on average volume. Thus far, 61,621 shares of Progressive Waste Solutions exchanged hands as compared to its average daily volume of 158,100 shares. The stock has ranged in price between $24.73-$25.15 after having opened the day at $25.13 as compared to the previous trading day's close of $25.21.

Progressive Waste Solutions Ltd. operates as a vertically integrated non-hazardous solid waste management company in North America. It operates through three segments: Canada, the U.S. south, and the U.S. northeast. Progressive Waste Solutions has a market cap of $3.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 31.7, above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Progressive Waste Solutions a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Progressive Waste Solutions as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Progressive Waste Solutions 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.

2. As of noon trading, Aegion ( AEGN) is down $1.93 (-8.8%) to $20.03 on heavy volume. Thus far, 414,394 shares of Aegion exchanged hands as compared to its average daily volume of 220,200 shares. The stock has ranged in price between $19.76-$21.25 after having opened the day at $20.15 as compared to the previous trading day's close of $21.96.

Aegion Corporation, through its subsidiaries, provides proprietary technologies and services for rehabilitating sewer, water, energy, and mining piping systems and the corrosion protection of industrial pipelines in North America and internationally. Aegion has a market cap of $841.5 million and is part of the industrial goods sector. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Aegion a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Aegion as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Aegion 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.

1. As of noon trading, Waste Connections ( WCN) is down $0.38 (-0.9%) to $42.63 on light volume. Thus far, 76,676 shares of Waste Connections exchanged hands as compared to its average daily volume of 560,400 shares. The stock has ranged in price between $42.50-$43.05 after having opened the day at $43.01 as compared to the previous trading day's close of $43.01.

Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services. The company operates in four segments: Western, Central, Eastern, and Exploration and Production (E&P). Waste Connections has a market cap of $5.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 27.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Waste Connections a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Waste Connections as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Waste Connections 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.

If you are interested in one of these 5 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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