3 Materials & Construction Stocks Nudging The Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Materials & Construction industry currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include NVR ( NVR), down 1.7%, and Plum Creek Timber ( PCL), down 0.9%.

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

3. Tutor Perini ( TPC) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Tutor Perini is up $1.60 (6.1%) to $27.99 on heavy volume. Thus far, 250,069 shares of Tutor Perini exchanged hands as compared to its average daily volume of 229,800 shares. The stock has ranged in price between $26.60-$28.43 after having opened the day at $26.60 as compared to the previous trading day's close of $26.39.

Tutor Perini Corporation provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates in four segments: Civil, Building, Specialty Contractors, and Management Services. Tutor Perini has a market cap of $1.2 billion and is part of the industrial goods sector. Shares are down 3.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Tutor Perini a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Tutor Perini as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tutor Perini Ratings Report now.

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2. As of noon trading, USG ( USG) is up $0.55 (1.6%) to $35.73 on light volume. Thus far, 719,629 shares of USG exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $35.04-$36.11 after having opened the day at $35.45 as compared to the previous trading day's close of $35.18.

USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company operates in three reportable segments: North American Gypsum, Worldwide Ceilings, and Building Products Distribution. USG has a market cap of $3.8 billion and is part of the industrial goods sector. Shares are up 22.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate USG a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates USG as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full USG Ratings Report now.

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1. As of noon trading, Fastenal Company ( FAST) is up $1.54 (3.3%) to $48.40 on average volume. Thus far, 1.7 million shares of Fastenal Company exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $46.85-$48.74 after having opened the day at $46.85 as compared to the previous trading day's close of $46.85.

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 $13.8 billion and is part of the industrial goods sector. Shares are down 2.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who 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. Get the full Fastenal Company Ratings Report now.

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If you are interested in one of these 3 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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