3 Materials & Construction Stocks Driving The Industry Higher

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.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 101 points (0.6%) at 17,132 as of Tuesday, Sept. 16, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,961 issues advancing vs. 1,099 declining with 138 unchanged.

The Materials & Construction industry as a whole closed the day up 0.2% versus the S&P 500, which was up 0.7%. Top gainers within the Materials & Construction industry included Skyline ( SKY), up 10.8%, Integrated Electrical Services ( IESC), up 3.6%, Abengoa ( ABGB), up 2.6%, India Globalization Capital ( IGC), up 1.6% and United States Lime & Minerals ( USLM), up 2.0%.

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

India Globalization Capital ( IGC) is one of the companies that pushed the Materials & Construction industry higher today. India Globalization Capital was up $0.01 (1.6%) to $0.87 on light volume. Throughout the day, 71,565 shares of India Globalization Capital exchanged hands as compared to its average daily volume of 412,600 shares. The stock ranged in a price between $0.81-$0.88 after having opened the day at $0.84 as compared to the previous trading day's close of $0.86.

India Globalization Capital has a market cap of $11.2 million and is part of the industrial goods sector. Shares are down 14.4% year-to-date as of the close of trading on Monday.

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At the close, Abengoa ( ABGB) was up $0.69 (2.6%) to $27.67 on light volume. Throughout the day, 4,358 shares of Abengoa exchanged hands as compared to its average daily volume of 12,600 shares. The stock ranged in a price between $26.65-$27.70 after having opened the day at $26.71 as compared to the previous trading day's close of $26.98.

Abengoa has a market cap of $4.7 billion and is part of the industrial goods sector. Shares are up 83.9% year-to-date as of the close of trading on Monday.

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Integrated Electrical Services ( IESC) was another company that pushed the Materials & Construction industry higher today. Integrated Electrical Services was up $0.26 (3.6%) to $7.54 on average volume. Throughout the day, 14,199 shares of Integrated Electrical Services exchanged hands as compared to its average daily volume of 14,900 shares. The stock ranged in a price between $7.28-$7.87 after having opened the day at $7.84 as compared to the previous trading day's close of $7.28.

Integrated Electrical Services, Inc., through its subsidiaries, provides communications, residential, commercial and industrial, and infrastructure solutions in the United States. Integrated Electrical Services has a market cap of $165.9 million and is part of the industrial goods sector. Shares are up 41.4% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Integrated Electrical Services a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Integrated Electrical 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from TheStreet Ratings analysis on IESC go as follows:

  • The revenue growth came in higher than the industry average of 11.6%. Since the same quarter one year prior, revenues rose by 12.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • IESC's debt-to-equity ratio is very low at 0.17 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.19, which illustrates the ability to avoid short-term cash problems.
  • INTEGRATED ELECTRICAL SVCS reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, INTEGRATED ELECTRICAL SVCS continued to lose money by earning -$0.14 versus -$0.18 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 334.9% when compared to the same quarter one year prior, rising from -$1.14 million to $2.67 million.
  • Net operating cash flow has increased to $3.13 million or 21.03% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -18.52%.

You can view the full analysis from the report here: Integrated Electrical Services Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.

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