Fastenal Company (FAST): Today's Featured Materials & Construction Winner

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.

Fastenal Company ( FAST) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day up 0.3%. By the end of trading, Fastenal Company rose $0.68 (1.5%) to $44.83 on average volume. Throughout the day, 2,401,767 shares of Fastenal Company exchanged hands as compared to its average daily volume of 2,396,600 shares. The stock ranged in a price between $44.09-$44.94 after having opened the day at $44.15 as compared to the previous trading day's close of $44.15. Other companies within the Materials & Construction industry that increased today were: Perma-Fix Environmental Services ( PESI), up 8.3%, Vertex Energy ( VTNR), up 8.3%, Caesarstone Sdot-Yam ( CSTE), up 5.2% and Layne Christensen Company ( LAYN), up 4.4%.

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 $13.1 billion and is part of the industrial goods sector. Shares are down 6.9% 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 6 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, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Desarrolladora Homex SAB de CV ADR ( HXM), down 14.8%, New Home Company ( NWHM), down 4.1%, Sharps Compliance Corporation ( SMED), down 4.1% and Comfort Systems USA ( FIX), down 4.0% , were all laggards within the materials & construction industry with NVR ( NVR) being today's materials & construction industry laggard.

For investors not wanting singular stock exposure, 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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