3 Materials & Construction Stocks Dragging The Industry Down

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 147 points (0.8%) at 17,675 as of Tuesday, Dec. 29, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 966 declining with 152 unchanged.

The Materials & Construction industry currently sits up 0.1% versus the S&P 500, which is up 0.9%. Top gainers within the industry include Stantec ( STN), up 1.6%, Waste Connections ( WCN), up 0.7%, Waste Management ( WM), up 0.6% and Republic Services ( RSG), up 0.6%.

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

3. Progressive Waste Solutions ( BIN) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Progressive Waste Solutions is down $0.34 (-1.5%) to $23.07 on light volume. Thus far, 80,283 shares of Progressive Waste Solutions exchanged hands as compared to its average daily volume of 281,300 shares. The stock has ranged in price between $23.06-$23.36 after having opened the day at $23.28 as compared to the previous trading day's close of $23.41.

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Progressive Waste Solutions Ltd. operates as a vertically integrated non-hazardous solid waste management company in North America. It operates through Canada, the U.S. Northeast, and the U.S. South segments. Progressive Waste Solutions has a market cap of $2.5 billion and is part of the industrial goods sector. Shares are down 21.7% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate Progressive Waste Solutions a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Progressive Waste Solutions as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins 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, deteriorating net income and disappointing return on equity. Get the full Progressive Waste Solutions Ratings Report now.

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2. As of noon trading, Louisiana-Pacific ( LPX) is down $0.19 (-1.0%) to $18.51 on light volume. Thus far, 410,874 shares of Louisiana-Pacific exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $18.50-$18.97 after having opened the day at $18.85 as compared to the previous trading day's close of $18.70.

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Louisiana-Pacific Corporation, together with its subsidiaries, primarily manufactures and sells building products for use in new home construction, repair and remodeling, outdoor structures, and light industrial and commercial construction. Louisiana-Pacific has a market cap of $2.6 billion and is part of the services sector. Shares are up 12.9% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Louisiana-Pacific a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Louisiana-Pacific as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full Louisiana-Pacific Ratings Report now.

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1. As of noon trading, PulteGroup ( PHM) is down $0.17 (-0.9%) to $17.93 on light volume. Thus far, 980,614 shares of PulteGroup exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $17.88-$18.30 after having opened the day at $18.22 as compared to the previous trading day's close of $18.10.

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PulteGroup, Inc., through its subsidiaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. PulteGroup has a market cap of $6.4 billion and is part of the industrial goods sector. Shares are down 15.7% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate PulteGroup a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates PulteGroup 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 and notable return on equity. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full PulteGroup 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).