3 Stocks Pulling The Materials & Construction Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 78 points (0.5%) at 17,023 as of Friday, Sept. 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,765 issues advancing vs. 1,183 declining with 200 unchanged.

The Materials & Construction industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. A company within the industry that fell today was PulteGroup ( PHM), up 0.7%.

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

3. Beacon Roofing Supply ( BECN) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Beacon Roofing Supply is down $1.02 (-4.0%) to $24.81 on average volume. Thus far, 221,919 shares of Beacon Roofing Supply exchanged hands as compared to its average daily volume of 451,900 shares. The stock has ranged in price between $24.73-$25.40 after having opened the day at $25.33 as compared to the previous trading day's close of $25.83.

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials to contractors, home builders, building owners, and other resellers. Beacon Roofing Supply has a market cap of $1.3 billion and is part of the industrial goods sector. Shares are down 35.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Beacon Roofing Supply a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Beacon Roofing Supply as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. Get the full Beacon Roofing Supply Ratings Report now.

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

2. As of noon trading, Owens-Corning ( OC) is down $0.32 (-1.0%) to $32.25 on light volume. Thus far, 319,467 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $32.16-$32.59 after having opened the day at $32.52 as compared to the previous trading day's close of $32.57.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in two segments, Composites and Building Materials. Owens-Corning has a market cap of $3.9 billion and is part of the industrial goods sector. Shares are down 20.0% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts that rate Owens-Corning a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Owens-Corning 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, reasonable valuation levels 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 Owens-Corning Ratings Report now.

STOCKS TO BUY: 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, Masco ( MAS) is down $0.21 (-0.9%) to $23.12 on light volume. Thus far, 1.1 million shares of Masco exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $23.09-$23.42 after having opened the day at $23.35 as compared to the previous trading day's close of $23.33.

Masco Corporation manufactures, distributes, and installs home improvement and building products in North America and internationally. Masco has a market cap of $8.4 billion and is part of the industrial goods sector. Shares are up 2.5% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts that rate Masco a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Masco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Masco Ratings Report now.

STOCKS TO BUY: 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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