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

Owens Corning (NYSE:OC - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $201.75.

Several brokerages have recently issued reports on OC. Citigroup lowered their price objective on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Evercore ISI lifted their price objective on shares of Owens Corning from $189.00 to $196.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Barclays raised shares of Owens Corning from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $192.00 to $245.00 in a research note on Wednesday, December 11th. Wells Fargo & Company raised shares of Owens Corning from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $195.00 to $225.00 in a research note on Tuesday, December 17th. Finally, Loop Capital lowered their price objective on shares of Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, January 10th.

Owens Corning Price Performance

Shares of OC stock traded down $0.62 during midday trading on Friday, reaching $180.38. 251,497 shares of the company were exchanged, compared to its average volume of 661,334. Owens Corning has a 12 month low of $138.70 and a 12 month high of $214.53. The company has a market cap of $15.47 billion, a P/E ratio of 15.36, a PEG ratio of 2.01 and a beta of 1.46. The company's 50 day moving average price is $182.04 and its two-hundred day moving average price is $178.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44.

Owens Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, March 10th. Owens Corning's dividend payout ratio is currently 23.49%.

Insider Buying and Selling at Owens Corning

In other news, insider Monaco Nicolas Del sold 1,750 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 11,635 shares in the company, valued at approximately $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gunner Smith sold 17,450 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the completion of the sale, the insider now owns 18,866 shares of the company's stock, valued at $3,606,990.54. The trade was a 48.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company's stock.

Institutional Trading of Owens Corning

A number of institutional investors and hedge funds have recently modified their holdings of OC. Alpha DNA Investment Management LLC increased its position in Owens Corning by 147.4% during the third quarter. Alpha DNA Investment Management LLC now owns 4,270 shares of the construction company's stock worth $754,000 after acquiring an additional 2,544 shares during the period. Janus Henderson Group PLC lifted its position in Owens Corning by 3.1% during the 3rd quarter. Janus Henderson Group PLC now owns 6,744 shares of the construction company's stock worth $1,189,000 after buying an additional 200 shares in the last quarter. Penserra Capital Management LLC lifted its position in Owens Corning by 53.3% during the 3rd quarter. Penserra Capital Management LLC now owns 4,726 shares of the construction company's stock worth $832,000 after buying an additional 1,643 shares in the last quarter. Atria Investments Inc lifted its position in Owens Corning by 93.3% during the 3rd quarter. Atria Investments Inc now owns 13,200 shares of the construction company's stock valued at $2,330,000 after purchasing an additional 6,373 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in Owens Corning during the 3rd quarter valued at about $1,046,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

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.