Owens Corning (NYSE:OC) VP Daniel T. Smith sold 7,969 shares of Owens Corning stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $64.72, for a total transaction of $515,753.68. Following the transaction, the vice president now directly owns 65,353 shares in the company, valued at $4,229,646.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Owens Corning stock traded up $0.24 on Friday, hitting $65.16. The stock had a trading volume of 1,006,763 shares, compared to its average volume of 1,544,423. The company has a quick ratio of 0.87, a current ratio of 1.69 and a debt-to-equity ratio of 0.73. Owens Corning has a one year low of $40.64 and a one year high of $65.22. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.74 and a beta of 1.24. The stock’s 50-day simple moving average is $62.25 and its two-hundred day simple moving average is $56.24.
Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Owens Corning had a net margin of 6.99% and a return on equity of 12.14%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $1.54 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts predict that Owens Corning will post 4.61 EPS for the current fiscal year.
Several research analysts have commented on the stock. Buckingham Research raised shares of Owens Corning from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 22nd. Exane BNP Paribas assumed coverage on shares of Owens Corning in a research note on Wednesday, October 9th. They set an “outperform” rating on the stock. BNP Paribas assumed coverage on shares of Owens Corning in a research note on Wednesday, October 9th. They set an “outperform” rating on the stock. ValuEngine downgraded shares of Owens Corning from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 24th. Finally, SunTrust Banks lifted their price target on shares of Owens Corning from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Owens Corning has a consensus rating of “Hold” and a consensus target price of $59.68.
Institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Owens Corning by 509.6% in the first quarter. FMR LLC now owns 693,589 shares of the construction company’s stock valued at $32,682,000 after acquiring an additional 579,805 shares in the last quarter. Fulton Bank N.A. bought a new stake in Owens Corning in the second quarter valued at $224,000. DNB Asset Management AS boosted its holdings in Owens Corning by 20.1% in the second quarter. DNB Asset Management AS now owns 22,314 shares of the construction company’s stock valued at $1,299,000 after acquiring an additional 3,741 shares in the last quarter. Scout Investments Inc. bought a new stake in Owens Corning in the second quarter valued at $17,004,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in Owens Corning by 23.3% in the second quarter. Xact Kapitalforvaltning AB now owns 21,200 shares of the construction company’s stock valued at $1,234,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.
Owens Corning Company Profile
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.
Recommended Story: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.