Owens Corning (NYSE:OC - Get Free Report) is anticipated to release its earnings data before the market opens on Monday, February 24th. Analysts expect Owens Corning to post earnings of $2.92 per share and revenue of $2.77 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Owens Corning Stock Performance
NYSE:OC traded down $2.20 on Thursday, hitting $171.93. The stock had a trading volume of 718,307 shares, compared to its average volume of 694,464. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.46. 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 business's 50-day simple moving average is $178.40 and its two-hundred day simple moving average is $178.67. Owens Corning has a 52-week low of $142.12 and a 52-week high of $214.53.
Owens Corning Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 1.61%. Owens Corning's payout ratio is 23.49%.
Insiders Place Their Bets
In other news, insider Gunner Smith sold 17,450 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 18,866 shares of the company's stock, valued at approximately $3,606,990.54. The trade was a 48.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Monaco Nicolas Del sold 1,750 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 11,635 shares in the company, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on OC. The Goldman Sachs Group lifted their price objective on Owens Corning from $178.00 to $198.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. StockNews.com raised Owens Corning from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Loop Capital lowered their price objective on Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. UBS Group lifted their price objective on Owens Corning from $197.00 to $218.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised Owens Corning from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $195.00 to $225.00 in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.91.
Read Our Latest Analysis on Owens Corning
About Owens Corning
(
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.
Further Reading
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