3 Stocks Dragging The Industrial Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Industrial industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Royal Philips ( PHG), up 1.2%. Top gainers within the industry include Woodward ( WWD), up 9.2%, Nidec ( NJ), up 1.6%, Pentair ( PNR), up 1.2% and Emerson Electric ( EMR), up 0.6%.

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

3. Valmont Industries ( VMI) is one of the companies pushing the Industrial industry lower today. As of noon trading, Valmont Industries is down $10.22 (-6.6%) to $144.80 on heavy volume. Thus far, 616,990 shares of Valmont Industries exchanged hands as compared to its average daily volume of 254,200 shares. The stock has ranged in price between $144.20-$150.97 after having opened the day at $148.50 as compared to the previous trading day's close of $155.02.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. Valmont Industries has a market cap of $4.1 billion and is part of the industrial goods sector. Shares are up 4.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Valmont Industries a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Valmont Industries 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, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Valmont Industries Ratings Report now.

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