Owens Corning Incorporated

(

OC

) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 0.6%. By the end of trading, Owens Corning Incorporated fell 84 cents (-2.5%) to $33.44 on light volume. Throughout the day, 1.5 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $32.77-$33.98 after having opened the day at $33.95 as compared to the previous trading day's close of $34.28. Other company's within the Industrial Goods sector that declined today were:

China Valves Technology

(

CVVT

), down 18.2%,

Smith & Wesson Holding Corporation

(

SWHC

), down 14.7%,

Matrix Service Company

(

MTRX

), down 12.8%, and

Integrated Electrical Services

(

IESC

), down 12.4%.

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 $4.12 billion and is part of the

materials & construction

industry. The company has a P/E ratio of 20.4, 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 19.4% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Owens Corning Incorporated a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Owens Corning Incorporated as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

Broadwind Energy

(

BWEN

), up 11.8%,

Goldfield

(

GV

), up 9.9%,

Sun Hydraulics

(

SNHY

), up 8.2%, and

Skyline Corporation

(

SKY

), up 7%, were all gainers within the industrial goods sector with

Ametek

(

AME

) being today's featured industrial goods sector winner.

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

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).

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