Owens Corning Incorporated



) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Owens Corning Incorporated fell 19 cents (-0.6%) to $30.12 on light volume. Throughout the day, 1.5 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $29.84-$30.54 after having opened the day at $30.20 as compared to the previous trading day's close of $30.31. Other companies within the Industrial Goods sector that declined today were:




), down 15.8%,

Manitex International



), down 11.6%,

Nobility Homes



), down 10.4%, and

IntriCon Corporation



), down 9.3%.

Owens Corning engages in the provision of composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. Owens Corning Incorporated has a market cap of $3.5 billion and is part of the

materials & construction

industry. The company has a P/E ratio of 21.7, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Owens Corning Incorporated a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Owens Corning Incorporated as a


. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front,

China Development Group Corporation



), up 19.1%,




), up 15.4%,

Cleantech Solutions International



), up 14.6%, and

Tecumseh Products Company



), up 12.7%, were all gainers within the industrial goods sector with

Joy Global



) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider

Industrial Select Sector SPDR



) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30