Owens Corning (NYSE:OC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Owens Corning (NYSE:OC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $202.42.

A number of equities research analysts have issued reports on OC shares. Benchmark reaffirmed a "hold" rating on shares of Owens Corning in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Owens Corning from $200.00 to $176.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. StockNews.com downgraded shares of Owens Corning from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Owens Corning from $225.00 to $200.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $212.00 price objective on shares of Owens Corning in a research note on Monday, March 17th.

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Owens Corning Stock Up 1.5 %

Shares of OC traded up $2.12 during mid-day trading on Friday, hitting $146.20. 133,111 shares of the company's stock were exchanged, compared to its average volume of 947,598. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.88 and a beta of 1.52. The firm has a fifty day moving average of $162.96 and a two-hundred day moving average of $176.11. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. Owens Corning has a twelve month low of $137.50 and a twelve month high of $214.53.

Owens Corning (NYSE:OC - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.35. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The business's revenue was up 23.3% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. On average, sell-side analysts forecast that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.76 annualized dividend and a yield of 1.89%. Owens Corning's dividend payout ratio (DPR) is currently 37.70%.

Insiders Place Their Bets

In related news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the completion of the transaction, the insider now owns 11,635 shares of the company's stock, valued at $2,140,490.95. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On Owens Corning

Several large investors have recently modified their holdings of OC. FPC Investment Advisory Inc. acquired a new position in Owens Corning during the fourth quarter worth $28,000. Venturi Wealth Management LLC increased its position in shares of Owens Corning by 55.8% during the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Owens Corning during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB boosted its position in Owens Corning by 193.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after buying an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Owens Corning in the fourth quarter valued at about $34,000. 88.40% of the stock is currently owned by institutional investors.

Owens Corning Company Profile

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.