NEW YORK ( TheStreet) -- Owens Corning Incorporated (NYSE: OC) hit a new 52-week high Thursday as it traded at $37.39 compared with its previous 52-Week high of $37.36. Owens Corning is changing hands at $37.18 with 863,543 shares traded as of 10:47 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Owens Corning has a market cap of $4.2 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 17% year to date as of the close of trading on Wednesday.

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 4.2, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Owens Corning as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Owens Corning Ratings Report.

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