3 Materials & Construction Stocks Nudging The Industry Higher

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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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