3 Materials & Construction Stocks Moving The Industry Upward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Materials & Construction industry currently sits down 0.6% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was James Hardie Industries ( JHX), up 1.3%. On the negative front, top decliners within the industry include Plum Creek Timber ( PCL), down 2.2%, Toll Brothers ( TOL), down 1.1%, Vulcan Materials ( VMC), down 0.6% and Weyerhaeuser ( WY), down 0.5%.

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

3. Aegion ( AEGN) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Aegion is up $1.25 (5.7%) to $23.19 on heavy volume. Thus far, 255,626 shares of Aegion exchanged hands as compared to its average daily volume of 262,400 shares. The stock has ranged in price between $21.69-$23.19 after having opened the day at $21.99 as compared to the previous trading day's close of $21.94.

Aegion Corporation is engaged in the research and development, manufacture, installation, coating and insulation, cathodic protection, distribution, and licensing of proprietary technologies and services for the protection and maintenance of infrastructure worldwide. Aegion has a market cap of $838.5 million and is part of the industrial goods sector. Shares are up 0.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Aegion a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Aegion as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Aegion Ratings Report now.

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2. As of noon trading, Waste Connections ( WCN) is up $0.24 (0.5%) to $48.43 on light volume. Thus far, 141,400 shares of Waste Connections exchanged hands as compared to its average daily volume of 479,800 shares. The stock has ranged in price between $48.15-$48.55 after having opened the day at $48.15 as compared to the previous trading day's close of $48.18.

Waste Connections, Inc., an integrated municipal solid waste company, provides solid waste collection, transfer, disposal, and recycling services primarily in the United States. The company operates in four segments: Western, Central, Eastern, and Exploration and Production (E&P). Waste Connections has a market cap of $6.0 billion and is part of the industrial goods sector. Shares are up 10.7% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Waste Connections a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Waste Connections as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Waste Connections Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Quanta Services ( PWR) is up $0.21 (0.6%) to $34.66 on average volume. Thus far, 658,503 shares of Quanta Services exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $34.45-$34.77 after having opened the day at $34.60 as compared to the previous trading day's close of $34.45.

Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. Quanta Services has a market cap of $7.5 billion and is part of the industrial goods sector. Shares are up 9.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Quanta Services a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Quanta Services 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, solid stock price performance 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 Quanta Services Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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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