Owens Corning Incorporated (OC): Today's Featured Materials & Construction Winner

The materials & construction industry closed the day up 3.7%. American Mold Guard Incorporated ( AMGI), Perma-Fix Environmental Services Inc ( PESI), M/I Homes Inc ( MHO), and Avalon Holdings ( AWX) were all winners today within the materials & construction industry with Owens Corning Incorporated ( OC) being today's featured materials & construction winner. Owens Corning Incorporated rose 39 cents (1.6%) to $25.01 on average volume. Throughout the day, 2.4 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.1 million shares.

Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. Owens Corning Incorporated has a market cap of $2.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 53, above the average materials & construction industry P/E ratio of 52 and above the S&P 500 P/E ratio of 17.7. Shares are down 24.9% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Owens Corning as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.

On the negative front, India Globalization Capital Inc ( IGC), Sterling Construction Company Inc ( STRL), Texas Industries Inc ( TXI), and LSB Industries Inc ( LXU) were all losers within the materials & construction industry with Vulcan Materials Company ( VMC) being today's materials & construction industry Loser Spotlight stock.

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).

null

More from Markets

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Tiffany & Co. Sees a Strong Market in Asia

Tiffany & Co. Sees a Strong Market in Asia

Imagining the Stock Market in 10 Years

Imagining the Stock Market in 10 Years

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss