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The Materials & Construction industry as a whole closed the day down 2.2% versus the S&P 500, which was down 2.1%. Laggards within the Materials & Construction industry included Skyline ( SKY), down 3.3%, James Hardie Industries ( JHX), down 3.4%, Pure Cycle ( PCYO), down 2.7%, Abengoa ( ABGB), down 7.1% and UCP ( UCP), down 3.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Abengoa ( ABGB) is one of the companies that pushed the Materials & Construction industry lower today. Abengoa was down $1.62 (7.1%) to $21.10 on heavy volume. Throughout the day, 185,276 shares of Abengoa exchanged hands as compared to its average daily volume of 16,600 shares. The stock ranged in price between $20.72-$22.46 after having opened the day at $22.46 as compared to the previous trading day's close of $22.72.

Abengoa has a market cap of $3.7 billion and is part of the utilities sector. Shares are up 50.7% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Abengoa a buy, no analysts rate it a sell, and 1 rates it a hold.

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At the close, Pure Cycle ( PCYO) was down $0.17 (2.7%) to $6.11 on light volume. Throughout the day, 25,218 shares of Pure Cycle exchanged hands as compared to its average daily volume of 47,500 shares. The stock ranged in price between $6.05-$6.32 after having opened the day at $6.27 as compared to the previous trading day's close of $6.28.

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area. Pure Cycle has a market cap of $150.7 million and is part of the utilities sector. Shares are down 0.8% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Pure Cycle a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Pure Cycle as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from TheStreet Ratings analysis on PCYO go as follows:

  • PCYO's very impressive revenue growth greatly exceeded the industry average of 7.7%. Since the same quarter one year prior, revenues leaped by 64.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • PCYO's debt-to-equity ratio is very low at 0.05 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.48, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for PURE CYCLE CORP is currently very high, coming in at 79.82%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -56.25% is in-line with the industry average.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Water Utilities industry and the overall market, PURE CYCLE CORP's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: Pure Cycle Ratings Report

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James Hardie Industries ( JHX) was another company that pushed the Materials & Construction industry lower today. James Hardie Industries was down $1.82 (3.4%) to $51.13 on heavy volume. Throughout the day, 5,699 shares of James Hardie Industries exchanged hands as compared to its average daily volume of 3,600 shares. The stock ranged in price between $51.13-$52.51 after having opened the day at $52.51 as compared to the previous trading day's close of $52.95.

James Hardie Industries has a market cap of $4.6 billion and is part of the utilities sector. Shares are down 7.7% year-to-date as of the close of trading on Wednesday.

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