OC, MLM And FAST, Pushing Materials & Construction Industry Downward

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Materials & Construction industry currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include USG ( USG), down 1.5%, Darling Ingredients ( DAR), down 1.4%, Plum Creek Timber ( PCL), down 0.8% and Sherwin-Williams ( SHW), down 0.6%. Top gainers within the industry include James Hardie Industries ( JHX), up 1.5%, Quanta Services ( PWR), up 0.8%, Waste Management ( WM), up 0.5% and Weyerhaeuser ( WY), up 0.5%.

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

3. Owens-Corning ( OC) is one of the companies pushing the Materials & Construction industry lower today. As of noon trading, Owens-Corning is down $0.59 (-1.4%) to $40.41 on light volume. Thus far, 392,338 shares of Owens-Corning exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $40.29-$41.18 after having opened the day at $41.02 as compared to the previous trading day's close of $41.00.

Owens Corning, together with its subsidiaries, 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 $4.8 billion and is part of the industrial goods sector. Shares are up 0.7% year-to-date as of the close of trading on Monday. 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 buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Owens-Corning Ratings Report now.

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