5 Materials & Construction Stocks Pushing The Industry Higher

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Materials & Construction industry currently sits up 0.6% versus the S&P 500, which is unchanged. Top gainers within the industry include Harsco Corporation ( HSC), up 2.9%, EMCOR Group ( EME), up 2.2%, Rayonier ( RYN), up 0.9% and Plum Creek Timber ( PCL), up 0.9%. A company within the industry that fell today was Fastenal Company ( FAST), up 1.4%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Owens-Corning ( OC) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Owens-Corning is up $0.67 (1.7%) to $39.07 on light volume. Thus far, 580,896 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $38.23-$39.26 after having opened the day at $38.90 as compared to the previous trading day's close of $38.40.

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 $4.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 70.6, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% 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 6 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Owens-Corning Ratings Report now.

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