3 Materials & Construction Stocks Pushing Industry Growth

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 38 points (0.2%) at 16,171 as of Friday, Feb. 21, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,939 issues advancing vs. 967 declining with 167 unchanged.

The Materials & Construction industry currently sits up 0.6% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Louisiana-Pacific ( LPX), up 3.0%, Lennar Corporation ( LEN), up 2.4%, DR Horton ( DHI), up 1.9%, PulteGroup ( PHM), up 1.9% and NVR ( NVR), up 1.8%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Owens-Corning ( OC) is one of the companies pushing the Materials & Construction industry higher today. As of noon trading, Owens-Corning is up $0.62 (1.4%) to $44.94 on average volume. Thus far, 555,556 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $44.38-$45.09 after having opened the day at $44.38 as compared to the previous trading day's close of $44.33.

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 $5.2 billion and is part of the industrial goods sector. Shares are up 8.9% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Owens-Corning a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Owens-Corning as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Owens-Corning Ratings Report now.

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