Owens Corning (NYSE:OC) Given Common Score of “Maintain” by Analysts
Owens Corning (NYSE:OC – Get Score) has been given a consensus score of “Maintain” by the fifteen rankings companies which are at the moment masking the corporate, Marketbeat.com stories. Two analysts have rated the inventory with a promote score, six have assigned a maintain score and 6 have given a purchase score to the corporate. The common 1-year worth goal amongst analysts which have up to date their protection on the inventory within the final yr is $100.93.
A number of analysis analysts just lately weighed in on OC shares. Deutsche Financial institution Aktiengesellschaft lowered their worth goal on Owens Corning from $103.00 to $99.00 and set a “maintain” score for the corporate in a analysis report on Thursday, October twentieth. Barclays lowered their worth goal on Owens Corning from $91.00 to $86.00 in a analysis report on Wednesday, December 14th. Financial institution of America upgraded Owens Corning from an “underperform” score to a “purchase” score and elevated their worth goal for the inventory from $82.00 to $95.00 in a analysis report on Tuesday, October 18th. JPMorgan Chase & Co. lowered Owens Corning from a “impartial” score to an “underweight” score and lowered their worth goal for the inventory from $85.00 to $79.00 in a analysis report on Tuesday, December twentieth. Lastly, Credit score Suisse Group lowered their worth goal on Owens Corning from $98.00 to $90.00 and set a “impartial” score for the corporate in a analysis report on Thursday, October twenty seventh.
Insider Exercise
In different information, VP Kelly Schmidt offered 2,181 shares of the inventory in a transaction on Friday, December ninth. The inventory was offered at a mean worth of $93.74, for a complete worth of $204,446.94. Following the sale, the vice chairman now immediately owns 13,018 shares within the firm, valued at $1,220,307.32. The sale was disclosed in a authorized submitting with the SEC, which will be accessed via this hyperlink. In different Owens Corning information, insider Marcio A. Sandri offered 3,600 shares of the agency’s inventory in a transaction on Monday, November twenty eighth. The inventory was offered at a mean worth of $90.06, for a complete worth of $324,216.00. Following the sale, the insider now immediately owns 46,428 shares within the firm, valued at $4,181,305.68. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed via this hyperlink. Additionally, VP Kelly Schmidt offered 2,181 shares of the agency’s inventory in a transaction on Friday, December ninth. The shares had been offered at a mean worth of $93.74, for a complete worth of $204,446.94. Following the completion of the sale, the vice chairman now owns 13,018 shares within the firm, valued at $1,220,307.32. The disclosure for this sale will be discovered right here. Insiders personal 0.44% of the corporate’s inventory.
Institutional Buying and selling of Owens Corning
A variety of hedge funds and different institutional buyers have just lately purchased and offered shares of OC. Lindbrook Capital LLC elevated its place in shares of Owens Corning by 66.3% in the course of the second quarter. Lindbrook Capital LLC now owns 414 shares of the development firm’s inventory value $31,000 after buying a further 165 shares within the final quarter. Eagle Bay Advisors LLC acquired a brand new stake in shares of Owens Corning in the course of the second quarter value about $45,000. Householder Group Property & Retirement Specialist LLC acquired a brand new stake in shares of Owens Corning in the course of the third quarter value about $52,000. Zions Bancorporation N.A. elevated its place in shares of Owens Corning by 611.0% in the course of the first quarter. Zions Bancorporation N.A. now owns 583 shares of the development firm’s inventory value $53,000 after buying a further 501 shares within the final quarter. Lastly, Exos TFP Holdings LLC acquired a brand new stake in shares of Owens Corning in the course of the third quarter value about $55,000. 94.59% of the inventory is at the moment owned by institutional buyers and hedge funds.
Owens Corning Worth Efficiency
NYSE:OC opened at $88.23 on Friday. Owens Corning has a one yr low of $72.97 and a one yr excessive of $101.12. The corporate has a debt-to-equity ratio of 0.64, a fast ratio of 1.11 and a present ratio of 1.77. The inventory has a market cap of $8.25 billion, a PE ratio of 6.49, a P/E/G ratio of 0.63 and a beta of 1.44. The inventory has a 50 day shifting common worth of $88.47 and a 200 day shifting common worth of $85.06.
Owens Corning (NYSE:OC – Get Score) final posted its quarterly earnings outcomes on Wednesday, October twenty sixth. The development firm reported $3.57 EPS for the quarter, beating the consensus estimate of $3.17 by $0.40. Owens Corning had a return on fairness of 27.52% and a web margin of 13.99%. The agency had income of $2.53 billion in the course of the quarter, in comparison with analysts’ expectations of $2.55 billion. Throughout the identical quarter final yr, the agency earned $2.52 earnings per share. The enterprise’s income for the quarter was up 14.3% on a year-over-year foundation. Equities analysis analysts count on that Owens Corning will publish 12.67 EPS for the present fiscal yr.
Owens Corning Will increase Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which will probably be paid on Thursday, January nineteenth. Stockholders of report on Wednesday, January 4th will probably be paid a $0.52 dividend. It is a enhance from Owens Corning’s earlier quarterly dividend of $0.35. This represents a $2.08 annualized dividend and a dividend yield of two.36%. The ex-dividend date of this dividend is Tuesday, January third. Owens Corning’s dividend payout ratio (DPR) is presently 10.30%.
About Owens Corning
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite supplies in the US, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites section manufactures, fabricates, and sells glass reinforcements within the type of fiber; and glass fiber merchandise within the type of materials, non-wovens, and different specialised merchandise.
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