3 Stocks Dragging In The Materials & Construction Industry

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One out of the three major indices are trading lower 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 lower today:

3. DR Horton ( DHI) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, DR Horton is down $0.36 (-1.5%) to $23.97 on average volume. Thus far, 3.5 million shares of DR Horton exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $23.96-$24.33 after having opened the day at $24.24 as compared to the previous trading day's close of $24.33.

D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 78 markets in the United States under the D.R. Horton, America's Builder, Emerald Homes, and Breland Homes. DR Horton has a market cap of $7.9 billion and is part of the industrial goods sector. Shares are up 8.8% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate DR Horton a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates DR Horton as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full DR Horton Ratings Report now.

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