3 Materials & Construction Stocks Nudging 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 18,120 as of Tuesday, June 23, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,606 issues advancing vs. 1,375 declining with 175 unchanged.

The Materials & Construction industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Weyerhaeuser ( WY), down 0.9%, Quanta Services ( PWR), down 0.8% and Republic Services ( RSG), down 0.5%.

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

3. Beacon Roofing Supply ( BECN) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Beacon Roofing Supply is up $0.91 (2.8%) to $33.31 on average volume. Thus far, 196,996 shares of Beacon Roofing Supply exchanged hands as compared to its average daily volume of 420,100 shares. The stock has ranged in price between $32.29-$33.31 after having opened the day at $32.29 as compared to the previous trading day's close of $32.40.

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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 $1.6 billion and is part of the industrial goods sector. Shares are up 16.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Beacon Roofing Supply a buy, no analysts rate it a sell, and 8 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, increase in net income and good cash flow from operations. 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.

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2. As of noon trading, Owens-Corning ( OC) is up $0.35 (0.8%) to $41.83 on average volume. Thus far, 1.0 million shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $41.57-$42.82 after having opened the day at $41.71 as compared to the previous trading day's close of $41.48.

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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 three segments: Composites, Insulation, and Roofing. Owens-Corning has a market cap of $4.7 billion and is part of the industrial goods sector. Shares are up 15.8% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Owens-Corning a buy, 1 analyst rates it a sell, and 10 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Owens-Corning Ratings Report now.

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1. As of noon trading, Chicago Bridge & Iron Company ( CBI) is up $0.33 (0.6%) to $54.58 on light volume. Thus far, 362,587 shares of Chicago Bridge & Iron Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $53.76-$54.66 after having opened the day at $54.24 as compared to the previous trading day's close of $54.25.

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Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. Chicago Bridge & Iron Company has a market cap of $5.8 billion and is part of the industrial goods sector. Shares are up 29.2% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Chicago Bridge & Iron Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, attractive valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Chicago Bridge & Iron Company Ratings Report now.

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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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