(
) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day up 1.3%. By the end of trading, Owens Corning Incorporated fell $1.20 (-3.5%) to $33.35 on heavy volume. Throughout the day, 9.4 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $31.41-$33.72 after having opened the day at $31.87 as compared to the previous trading day's close of $34.55. Other company's within the Materials & Construction industry that declined today were:
(
), down 14.2%,
(
), down 11.4%,
Continental Materials Corporation
(
), down 4.2%, and
Perma-Fix Environmental Services
(
), down 3.7%.
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 $4.06 billion and is part of the
sector. The company has a P/E ratio of 15, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 16.5% 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 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 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.
- You can view the full Owens Corning Ratings Report.
On the positive front,
(
), up 6.8%,
(
), up 6.8%,
(
), up 6.1%, and
(
), up 5%, were all gainers within the materials & construction industry with
(
) being today's featured materials & construction industry winner.
- Use our materials & construction section to find industry-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 materials & construction industry could consider
(
) while those bearish on the materials & construction industry could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
null
