Owens Corning Inc (NYSE:OC) VP Ava Harter sold 487 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $81.96, for a total transaction of $39,914.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Owens Corning Inc (NYSE OC) traded up $0.31 during trading on Tuesday, reaching $82.20. 968,400 shares of the company were exchanged, compared to its average volume of 1,006,153. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.66 and a quick ratio of 0.99. Owens Corning Inc has a 12 month low of $50.17 and a 12 month high of $83.31. The stock has a market cap of $9,180.00, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.43 and a beta of 1.08.
Owens Corning (NYSE:OC) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.01). Owens Corning had a return on equity of 11.40% and a net margin of 6.15%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities analysts predict that Owens Corning Inc will post 4.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Monday, October 16th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, October 13th. Owens Corning’s dividend payout ratio (DPR) is currently 23.88%.
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A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Owens Corning from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $83.00 in a report on Wednesday, August 30th. Royal Bank Of Canada restated a “buy” rating on shares of Owens Corning in a report on Tuesday, October 3rd. Evercore ISI restated an “outperform” rating and issued a $80.00 price objective (down from $88.00) on shares of Owens Corning in a report on Wednesday, October 11th. MKM Partners raised shares of Owens Corning from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $47.00 to $62.00 in a research report on Thursday, July 27th. Finally, FBR & Co lifted their target price on shares of Owens Corning from $63.00 to $70.00 and gave the stock a “mkt perform” rating in a research report on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $76.95.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Owens Corning by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 10,562,420 shares of the construction company’s stock worth $706,837,000 after acquiring an additional 190,866 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Owens Corning by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,666,185 shares of the construction company’s stock worth $245,337,000 after acquiring an additional 27,809 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Owens Corning by 22.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,798,466 shares of the construction company’s stock worth $139,112,000 after acquiring an additional 328,726 shares in the last quarter. LSV Asset Management grew its stake in Owens Corning by 21.2% in the 2nd quarter. LSV Asset Management now owns 1,680,100 shares of the construction company’s stock worth $112,432,000 after acquiring an additional 294,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Owens Corning by 1.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,401,027 shares of the construction company’s stock worth $93,757,000 after acquiring an additional 17,494 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.
Owens Corning Company Profile
Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
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