Owens Corning Incorporated (OC): Today's Featured Materials & Construction Winner
The materials & construction industry closed the day up 3.7%. American Mold Guard Incorporated (AMGI), Perma-Fix Environmental Services Inc (PESI), M/I Homes Inc (MHO), and Avalon Holdings (AWX) were all winners today within the materials & construction industry with Owens Corning Incorporated (OC) being today's featured materials & construction winner. Owens Corning Incorporated rose 39 cents (1.6%) to $25.01 on average volume. Throughout the day, 2.4 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.1 million shares. Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. Owens Corning Incorporated has a market cap of $2.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 53, above the average materials & construction industry P/E ratio of 52 and above the S&P 500 P/E ratio of 17.7. Shares are down 24.9% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Owens Corning as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth 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 weak operating cash flow.
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