Marcio A. Sandri Sells 9,697 Shares of Owens Corning (NYSE:OC) Stock

Owens Corning (NYSE:OCGet Free Report) insider Marcio A. Sandri sold 9,697 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $178.00, for a total transaction of $1,726,066.00. Following the transaction, the insider now owns 62,895 shares in the company, valued at approximately $11,195,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Owens Corning Trading Down 2.1 %

Shares of Owens Corning stock traded down $3.72 during trading on Wednesday, hitting $174.13. The stock had a trading volume of 468,987 shares, compared to its average volume of 650,111. The firm’s fifty day simple moving average is $170.45 and its 200-day simple moving average is $155.00. The stock has a market cap of $15.09 billion, a PE ratio of 14.40, a PEG ratio of 5.40 and a beta of 1.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 1.22. Owens Corning has a 12 month low of $105.56 and a 12 month high of $183.32.

Owens Corning (NYSE:OCGet Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.55. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.28 billion. Owens Corning had a net margin of 11.53% and a return on equity of 26.52%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $2.77 EPS. As a group, sell-side analysts expect that Owens Corning will post 15.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OC. Lecap Asset Management Ltd. purchased a new position in Owens Corning during the 4th quarter valued at about $1,791,000. Voss Capital LLC purchased a new position in Owens Corning during the 4th quarter valued at about $5,929,000. Louisiana State Employees Retirement System purchased a new position in Owens Corning during the 4th quarter valued at about $3,706,000. Qsemble Capital Management LP purchased a new position in Owens Corning during the 4th quarter valued at about $738,000. Finally, QRG Capital Management Inc. grew its position in shares of Owens Corning by 3.4% in the 4th quarter. QRG Capital Management Inc. now owns 13,244 shares of the construction company’s stock worth $1,963,000 after buying an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Wall Street Analyst Weigh In

OC has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Owens Corning from $169.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Owens Corning from $164.00 to $163.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 20th. Argus boosted their price objective on shares of Owens Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Loop Capital boosted their price objective on shares of Owens Corning from $167.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Evercore ISI upped their target price on shares of Owens Corning from $154.00 to $172.00 and gave the stock an “in-line” rating in a research note on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $172.07.

View Our Latest Stock Report on OC

Owens Corning Company Profile

(Get Free Report)

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.

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

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