Owens Corning Incorporated

(

OC

) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day down 1.6%. By the end of trading, Owens Corning Incorporated fell 80 cents (-2.5%) to $30.85 on average volume. Throughout the day, 2.4 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $30.78-$32.20 after having opened the day at $31.98 as compared to the previous trading day's close of $31.65. Other company's within the Materials & Construction industry that declined today were:

Guanwei Recycling

(

GPRC

), down 17.7%,

Tri-Tech

(

TRIT

), down 12.6%,

China Advanced Construction Materials Group

(

CADC

), down 10.4%, and

Avalon Holdings

(

AWX

), down 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 $3.89 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 19.3, 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 11.3% 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

buy

. 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.

On the positive front,

Continental Materials Corporation

(

CUO

), up 15.8%,

PGT

(

PGTI

), up 10.7%,

Pure Cycle Corporation

(

PCYO

), up 2.6%, and

Meritage Homes Corporation

(

MTH

), up 2.5%, were all gainers within the materials & construction industry with

Stericycle Incorporated

(

SRCL

) being today's featured materials & construction industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider

SPDR S&P Homebuilders ETF

(

XHB

) while those bearish on the materials & construction industry could consider

ProShares Short Basic Materials Fd

(

SBM

).

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