Owens Corning (NYSE:OC - Get Free Report) insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the transaction, the insider now owns 11,635 shares in the company, valued at $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Owens Corning Stock Down 1.1 %
Shares of NYSE:OC traded down $1.94 on Tuesday, hitting $178.20. 807,709 shares of the company traded hands, compared to its average volume of 682,893. Owens Corning has a 52 week low of $138.70 and a 52 week high of $214.53. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $181.58 and a 200-day simple moving average of $178.80. The company has a market cap of $15.29 billion, a PE ratio of 15.17, a PEG ratio of 2.01 and a beta of 1.46.
Owens Corning Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, March 10th. This represents a $2.76 annualized dividend and a dividend yield of 1.55%. Owens Corning's payout ratio is presently 23.49%.
Wall Street Analyst Weigh In
OC has been the subject of a number of analyst reports. Evercore ISI increased their price objective on Owens Corning from $189.00 to $196.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Barclays raised Owens Corning from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $192.00 to $245.00 in a research note on Wednesday, December 11th. Citigroup dropped their price objective on Owens Corning from $212.00 to $207.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Loop Capital dropped their price target on Owens Corning from $215.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, UBS Group raised their price target on Owens Corning from $197.00 to $218.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $201.75.
Check Out Our Latest Report on OC
Institutional Investors Weigh In On Owens Corning
Large investors have recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in Owens Corning in the 4th quarter worth about $28,000. Venturi Wealth Management LLC boosted its position in Owens Corning by 55.8% in the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after purchasing an additional 63 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in Owens Corning in the fourth 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 worth $32,000 after purchasing an additional 122 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Owens Corning in the fourth quarter worth about $34,000. 88.40% of the stock is currently owned by institutional investors.
About Owens Corning
(
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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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