W Howard Morris Sells 2,026 Shares of Owens Corning Inc (OC) Stock

Owens Corning Inc (NYSE:OC) Director W Howard Morris sold 2,026 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $81.95, for a total transaction of $166,030.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Owens Corning Inc (NYSE OC) traded up $1.30 during midday trading on Thursday, hitting $83.49. 541,112 shares of the stock traded hands, compared to its average volume of 1,007,625. Owens Corning Inc has a 12-month low of $50.77 and a 12-month high of $83.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.66. The company has a market cap of $9,192.96, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, October 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. equities analysts forecast that Owens Corning Inc will post 4.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Monday, October 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.96%. Owens Corning’s payout ratio is 23.88%.

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OC has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $83.00 price target on shares of Owens Corning in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $77.00 price objective on shares of Owens Corning in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $79.00 price objective on shares of Owens Corning in a research note on Friday, July 28th. KeyCorp reiterated a “buy” rating and issued a $84.00 price objective on shares of Owens Corning in a research note on Wednesday, September 13th. Finally, BidaskClub upgraded shares of Owens Corning from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Owens Corning has a consensus rating of “Buy” and an average price target of $76.95.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. grew its stake in shares of Owens Corning by 0.4% in the 2nd quarter. Raymond James Trust N.A. now owns 7,114 shares of the construction company’s stock worth $476,000 after acquiring an additional 26 shares in the last quarter. First Bank & Trust boosted its holdings in shares of Owens Corning by 3.6% in the 2nd quarter. First Bank & Trust now owns 3,024 shares of the construction company’s stock worth $202,000 after buying an additional 104 shares during the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Owens Corning in the 2nd quarter worth about $228,000. Penserra Capital Management LLC boosted its holdings in shares of Owens Corning by 11.1% in the 2nd quarter. Penserra Capital Management LLC now owns 2,964 shares of the construction company’s stock worth $198,000 after buying an additional 296 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its holdings in shares of Owens Corning by 7.1% in the 2nd quarter. Ingalls & Snyder LLC now owns 4,550 shares of the construction company’s stock worth $304,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

About Owens Corning

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.

Insider Buying and Selling by Quarter for Owens Corning (NYSE:OC)

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