) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 1.7%. By the end of trading, Owens Corning Incorporated fell 23 cents (-0.8%) to $27.39 on heavy volume. Throughout the day, 3.8 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 $27.22-$28.10 after having opened the day at $27.74 as compared to the previous trading day's close of $27.62. Other company's within the Industrial Goods sector that declined today were:
), down 17%,
), down 5.6%,
), down 4.4%, and
), down 3.9%.
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 $3.59 billion and is part of the
industry. The company has a P/E ratio of 17.8, equal to the average materials & construction industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Monday. Currently there are 10 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
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable 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 somewhat weak growth in earnings per share.
- You can view the full Owens Corning Ratings Report.
On the positive front,
), up 51.9%,
), up 14.3%,
), up 12.4%, and
), up 10.7%, were all gainers within the industrial goods sector with
) being today's featured industrial goods sector winner.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.