3 Materials & Construction Stocks Pushing 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 55.52 points (-0.3%) at 17,690 as of Friday, July 31, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,938 issues advancing vs. 1,140 declining with 130 unchanged.

The Materials & Construction industry as a whole closed the day up 0.7% versus the S&P 500, which was down 0.2%. Top gainers within the Materials & Construction industry included China Ceramics ( CCCL), up 3.0%, James Hardie Industries ( JHX), up 1.9%, Empresas ICA SAB de CV ( ICA), up 2.4%, A V Homes ( AVHI), up 2.2% and New Home Company ( NWHM), up 3.5%.

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

Empresas ICA SAB de CV ( ICA) is one of the companies that pushed the Materials & Construction industry higher today. Empresas ICA SAB de CV was up $0.06 (2.4%) to $2.55 on average volume. Throughout the day, 148,537 shares of Empresas ICA SAB de CV exchanged hands as compared to its average daily volume of 117,000 shares. The stock ranged in a price between $2.49-$2.55 after having opened the day at $2.49 as compared to the previous trading day's close of $2.49.

Empresas ICA, S.A.B. de C.V., through its subsidiaries, operates as an infrastructure and construction company in Mexico and Latin America. The company operates through five segments: Civil Construction, Industrial Construction, Concessions, Airports, and Corporate and Other. Empresas ICA SAB de CV has a market cap of $386.4 million and is part of the industrial goods sector. Shares are down 49.4% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Empresas ICA SAB de CV a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Empresas ICA SAB de CV as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on ICA go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Construction & Engineering industry. The net income has significantly decreased by 5446.0% when compared to the same quarter one year ago, falling from -$1.84 million to -$101.94 million.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 61.26%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 2133.33% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • EMPRESAS ICA SAB DE CV has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, EMPRESAS ICA SAB DE CV reported poor results of -$1.54 versus -$0.14 in the prior year. This year, the market expects an improvement in earnings ($0.28 versus -$1.54).
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 5.7%. Since the same quarter one year prior, revenues slightly dropped by 5.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

You can view the full analysis from the report here: Empresas ICA SAB de CV Ratings Report

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At the close, James Hardie Industries ( JHX) was up $1.33 (1.9%) to $69.60 on average volume. Throughout the day, 3,369 shares of James Hardie Industries exchanged hands as compared to its average daily volume of 3,300 shares. The stock ranged in a price between $69.45-$70.16 after having opened the day at $70.14 as compared to the previous trading day's close of $68.27.

James Hardie Industries has a market cap of $6.2 billion and is part of the industrial goods sector. Shares are up 25.5% year-to-date as of the close of trading on Thursday.

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China Ceramics ( CCCL) was another company that pushed the Materials & Construction industry higher today. China Ceramics was up $0.03 (3.0%) to $1.04 on average volume. Throughout the day, 36,010 shares of China Ceramics exchanged hands as compared to its average daily volume of 37,900 shares. The stock ranged in a price between $0.97-$1.04 after having opened the day at $0.97 as compared to the previous trading day's close of $1.01.

China Ceramics has a market cap of $21.2 million and is part of the industrial goods sector. Shares are up 24.7% year-to-date as of the close of trading on Thursday.

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.

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