Owens Corning Incorporated ( OC) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day up 0.5%. By the end of trading, Owens Corning Incorporated rose 54 cents (1.8%) to $30.65 on average volume. Throughout the day, 2.4 million shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $30.09-$30.76 after having opened the day at $30.10 as compared to the previous trading day's close of $30.11. Other companies within the Materials & Construction industry that increased today were: Argan ( AGX), up 5.2%, Avalon Holdings ( AWX), up 4.4%, Tri-Tech ( TRIT), up 4.2%, and M/I Homes ( MHO), up 4.2%. 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 $3.58 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.7, equal to the average materials & construction industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7. Shares are up 4.9% year to date as of the close of trading on Wednesday. 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.
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