Owens Corning (NYSE:OC) Insider Sells $324,216.00 in Inventory
Owens Corning (NYSE:OC – Get Score) insider Marcio A. Sandri offered 3,600 shares of Owens Corning inventory in a transaction dated Monday, November twenty eighth. The shares had been offered at a median worth of $90.06, for a complete worth of $324,216.00. Following the transaction, the insider now owns 46,428 shares of the corporate’s inventory, valued at roughly $4,181,305.68. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by this hyperlink.
Owens Corning Inventory Efficiency
OC inventory traded up $1.31 throughout noon buying and selling on Tuesday, reaching $89.63. 797,483 shares of the corporate’s inventory traded arms, in comparison with its common quantity of 1,031,978. The corporate has a 50-day shifting common worth of $85.05 and a two-hundred day shifting common worth of $85.55. The corporate has a debt-to-equity ratio of 0.64, a fast ratio of 1.11 and a present ratio of 1.77. Owens Corning has a 52 week low of $72.97 and a 52 week excessive of $101.12. The agency has a market capitalization of $8.38 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.45.
Owens Corning (NYSE:OC – Get Score) final issued its earnings outcomes on Wednesday, October twenty sixth. The development firm reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. Owens Corning had a internet margin of 13.99% and a return on fairness of 27.52%. The enterprise had income of $2.53 billion for the quarter, in comparison with analysts’ expectations of $2.55 billion. Throughout the identical quarter within the earlier yr, the agency posted $2.52 EPS. The enterprise’s income for the quarter was up 14.3% in comparison with the identical quarter final yr. As a bunch, equities analysts anticipate that Owens Corning will put up 12.67 EPS for the present yr.
Owens Corning Dividend Announcement
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, November third. Shareholders of report on Monday, October seventeenth had been issued a dividend of $0.35 per share. The ex-dividend date was Friday, October 14th. This represents a $1.40 dividend on an annualized foundation and a yield of 1.56%. Owens Corning’s payout ratio is 10.30%.
Institutional Traders Weigh In On Owens Corning
Various hedge funds and different institutional traders have lately purchased and offered shares of the enterprise. Steward Companions Funding Advisory LLC bought a brand new place in shares of Owens Corning through the 1st quarter valued at $37,000. Envestnet Asset Administration Inc. grew its place in shares of Owens Corning by 5.1% through the 1st quarter. Envestnet Asset Administration Inc. now owns 84,384 shares of the development firm’s inventory valued at $7,721,000 after buying a further 4,087 shares within the final quarter. Stephens Inc. AR grew its place in shares of Owens Corning by 90.5% through the 1st quarter. Stephens Inc. AR now owns 4,522 shares of the development firm’s inventory valued at $414,000 after buying a further 2,148 shares within the final quarter. Prospera Monetary Companies Inc bought a brand new place in shares of Owens Corning through the 1st quarter valued at $207,000. Lastly, Advisor Group Holdings Inc. grew its place in shares of Owens Corning by 194.1% through the 1st quarter. Advisor Group Holdings Inc. now owns 39,120 shares of the development firm’s inventory valued at $2,985,000 after buying a further 25,819 shares within the final quarter. Institutional traders personal 93.64% of the corporate’s inventory.
Analysts Set New Value Targets
OC has been the subject of various analysis analyst reviews. StockNews.com downgraded Owens Corning from a “strong-buy” ranking to a “purchase” ranking in a analysis word on Wednesday, October nineteenth. Citigroup boosted their goal worth on Owens Corning from $90.00 to $91.00 and gave the inventory a “impartial” ranking in a analysis word on Monday, October tenth. Credit score Suisse Group minimize their goal worth on Owens Corning from $98.00 to $90.00 and set a “impartial” ranking on the inventory in a analysis word on Thursday, October twenty seventh. Deutsche Financial institution Aktiengesellschaft minimize their goal worth on Owens Corning from $103.00 to $99.00 and set a “maintain” ranking on the inventory in a analysis word on Thursday, October twentieth. Lastly, Financial institution of America raised shares of Owens Corning from an “underperform” ranking to a “purchase” ranking and lifted their worth goal for the inventory from $82.00 to $95.00 in a report on Tuesday, October 18th. One funding analyst has rated the inventory with a promote ranking, eight have issued a maintain ranking and 6 have assigned a purchase ranking to the corporate’s inventory. In accordance with information from MarketBeat, Owens Corning presently has a consensus ranking of “Maintain” and a median worth goal of $101.79.
Owens Corning Firm Profile
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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