3 Stocks Dragging The Materials & Construction Industry Downward

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,411 as of Monday, April 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,415 issues advancing vs. 1,576 declining with 152 unchanged.

The Materials & Construction industry currently sits down 0.9% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Texas Industries ( TXI), down 4.6%, Eagle Materials ( EXP), down 4.4% and Chicago Bridge & Iron Company ( CBI), down 2.2%. A company within the industry that increased today was Waste Management ( WM), up 1.4%.

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

3. Fluor ( FLR) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Fluor is down $0.99 (-1.3%) to $74.74 on light volume. Thus far, 424,979 shares of Fluor exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $74.69-$76.13 after having opened the day at $75.75 as compared to the previous trading day's close of $75.73.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. Fluor has a market cap of $12.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate Fluor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, 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 shows low profit margins. Get the full Fluor Ratings Report now.

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