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Materials & Construction Industry Takes a Hit as Key Players Fall

Strategic Insights

— 2 min read

The Dow Jones Industrial Average is down 44 points, or 0.2%, to 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio is at 1,080 issues advancing vs. 1,836 declining with 168 unchanged. The Materials & Construction industry is currently unchanged today versus the S&P 500, which is down 0.4%. Notably, Headwaters (HW), Clean Harbors (CLH), and Masco (MAS) are all trading lower, with Headwaters down 2.1% to $18.04, Clean Harbors down 2.5% to $44.80, and Masco down 0.7% to $29.19.

Key Takeaways:

  • Headwaters is down 2.1% to $18.04, with 368,513 shares exchanged hands compared to its average daily volume of 674,800 shares. The company operates through three segments: Light Building Products, Heavy Construction Materials, and Energy Technology.
  • Clean Harbors is down 2.5% to $44.80, with 1.1 million shares exchanged hands compared to its average daily volume of 422,500 shares. The company provides environmental, energy, and industrial services in North America.
  • Masco is down 0.7% to $29.19, with 1.3 million shares exchanged hands compared to its average daily volume of 5.8 million shares. The company manufactures, distributes, and installs home improvement and building products worldwide.
  • All three companies are part of the industrial goods sector, with Headwaters having a market cap of $1.5 billion, Clean Harbors having a market cap of $2.7 billion, and Masco having a market cap of $9.9 billion.
  • TheStreet Ratings rates Headwaters as a buy, Clean Harbors as a hold, and Masco as a buy. Headwaters' strengths include revenue growth, notable return on equity, and good cash flow from operations. Clean Harbors' strengths include revenue growth and largely solid financial position with reasonable debt levels. Masco's strengths include solid stock price performance, revenue growth, notable return on equity, and good cash flow from operations.
  • Currently, there are 8 analysts that rate Masco a buy, no analysts rate it a sell, and 5 rate it a hold. Three analysts rate Clean Harbors a buy, no analysts rate it a sell, and 6 rate it a hold.
  • 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).

Statistics:

  • The Dow Jones Industrial Average is down 44 points, or 0.2%, to 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET.
  • The NYSE advances/declines ratio is at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.
  • The Materials & Construction industry is currently unchanged today versus the S&P 500, which is down 0.4%.
  • Headwaters has a market cap of $1.5 billion, with 368,513 shares exchanged hands at a price of $18.04.
  • Clean Harbors has a market cap of $2.7 billion, with 1.1 million shares exchanged hands at a price of $44.80.
  • Masco has a market cap of $9.9 billion, with 1.3 million shares exchanged hands at a price of $29.19.

Sources:

  • TheStreet Wire
  • Dow Jones Industrial Average (^DJI)
  • NYSE advances/declines ratio
  • Headwaters (HW)
  • Clean Harbors (CLH)
  • Masco (MAS)
  • SPDR S&P Homebuilders ETF (XHB)
  • ProShares Short Basic Materials Fd (SBM)

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