NEW YORK (

TheStreet

) --

Owens Corning Incorporated

(NYSE:

OC

) hit a new 52-week high Tuesday as it is currently trading at $38.88, above its previous 52-week high of $38.87 with 816,377 shares traded as of 1:31 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Owens Corning has a market cap of $4.8 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 22.8% year to date as of the close of trading on Friday.

Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The company has a P/E ratio of 5.3, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Owens Corning as a

buy

. The company's strengths can be seen in multiple areas, such as its notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Owens Corning Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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