4 Stocks Pushing The Materials & Construction Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Materials & Construction industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that increased today was Foster Wheeler ( FWLT), up 2.3%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. Owens Corning Incorporated ( OC) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Owens Corning Incorporated is down $0.33 (-0.9%) to $34.26 on light volume Thus far, 242,564 shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $34.26-$34.80 after having opened the day at $34.73 as compared to the previous trading day's close of $34.59.

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 $4.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 48.0, above the S&P 500 P/E ratio of 17.7. Shares are up 20.4% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Owens Corning Incorporated a buy, no analysts rate it a sell, and 4 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 solid stock price performance, reasonable valuation levels 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. Get the full Owens Corning Incorporated Ratings Report now.

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