Owens-Corning Inc. (OC): Today's Featured Materials & Construction Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Owens-Corning ( OC) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Owens-Corning fell $0.70 (-1.8%) to $38.50 on heavy volume. Throughout the day, 2,726,012 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1,805,800 shares. The stock ranged in price between $38.42-$39.38 after having opened the day at $39.17 as compared to the previous trading day's close of $39.20. Other companies within the Materials & Construction industry that declined today were: Jewett-Cameron Trading Company ( JCTCF), down 9.1%, Vertex Energy ( VTNR), down 4.4%, Homex Development ( HXM), down 4.2% and China Recycling Energy Corporation ( CREG), down 4.2%.

Owens Corning produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in two segments, Composites and Building Materials. Owens-Corning has a market cap of $4.7 billion and is part of the industrial goods sector. Shares are up 5.8% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Owens-Corning a buy, no analysts rate it a sell, and 4 rate it a hold.

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, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.

On the positive front, Perma-Fix Environmental Services ( PESI), up 7.5%, Tutor Perini ( TPC), up 3.9%, Matrix Service Company ( MTRX), up 3.5% and Nuverra Environmental Solutions ( HEK), up 3.1% , were all gainers within the materials & construction industry with Quanta Services ( PWR) being today's featured materials & construction industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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