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 0.4%. By the end of trading, Owens Corning Incorporated fell 77 cents (-2.8%) to $26.44 on light volume. Throughout the day, 1.2 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $26.33-$27.43 after having opened the day at $27.09 as compared to the previous trading day's close of $27.21. Other company's within the Materials & Construction industry that declined today were: India Globalization Capital Inc ( IGC), down 7.3%, Avatar Holdings Inc ( AVTR), down 7.1%, PGT Inc ( PGTI), down 6.9%, and Texas Industries Inc ( TXI), down 6.4%. 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 $3.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 28.1, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 12.6% year to date as of the close of trading on Monday. TheStreet Ratings rates Owens Corning as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.