#3 - Owens Corning (NYSE:OC)
Owens Corning (NYSE:OC) makes this list for its aspirations to be a significant player in the circular economy. The circular economy is a model of production and consumption in which materials, products, and services remain in circulation as long as possible to reduce waste.
For its part, Owens Corning recently announced plans to recycle two million tons of shingles per year in the United States by 2030. The recycled shingles will be used to create new shingles as well as to create asphalt paving.
With climate considerations likely to remain on the front burner for the foreseeable future, now is a time to consider a company like Owens Corning which will benefit as businesses look to design sustainable structures.
And Owens Corning currently meets the definition of a value stock. OC stock trades at a P/E ratio of just 6.74 which is below both its sector average as well as that of the S&P 500.
About Owens Corning
Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.
Read More - Current Price
- $174.06
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $172.07 (1.1% Downside)
