Owens Corning (NYSE:OC) has earned an average rating of “Hold” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.74.
A number of analysts recently weighed in on OC shares. TheStreet raised shares of Owens Corning from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th. Citigroup set a $53.00 price target on shares of Owens Corning and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Barclays set a $58.00 price target on shares of Owens Corning and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Buckingham Research started coverage on shares of Owens Corning in a research report on Friday, February 1st. They set a “neutral” rating and a $54.00 price target for the company. Finally, Zelman & Associates cut shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th.
Shares of Owens Corning stock opened at $48.70 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.83 and a quick ratio of 0.96. Owens Corning has a twelve month low of $40.64 and a twelve month high of $67.43. The firm has a market cap of $5.31 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.
In other Owens Corning news, insider Marcio A. Sandri sold 3,700 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.01, for a total value of $173,937.00. Following the transaction, the insider now owns 42,005 shares in the company, valued at approximately $1,974,655.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gunner Smith sold 7,900 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.79, for a total transaction of $409,141.00. Following the completion of the transaction, the insider now owns 21,189 shares in the company, valued at approximately $1,097,378.31. The disclosure for this sale can be found here. Insiders sold a total of 30,881 shares of company stock worth $1,562,045 in the last quarter. 1.70% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of Owens Corning in the 1st quarter valued at about $26,000. First Mercantile Trust Co. acquired a new stake in shares of Owens Corning in the 1st quarter valued at about $33,000. Trust Co. of Vermont acquired a new stake in shares of Owens Corning in the 4th quarter valued at about $40,000. Reilly Financial Advisors LLC acquired a new stake in shares of Owens Corning in the 4th quarter valued at about $48,000. Finally, Bremer Bank National Association acquired a new stake in shares of Owens Corning in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 96.96% of the company’s stock.
About Owens Corning
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.
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