Owens Corning (NYSE:OC) Shares Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of Owens Corning NYSE: OC. In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Owens Corning stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Travelers Companies NYSE: TRV on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Kimberly-Clark NYSE: KMB on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Corteva NYSE: CTVA on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 10/29/2024.
• Sold $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/26/2024.

Owens Corning Price Performance

OC traded down $1.27 during midday trading on Friday, reaching $193.99. 831,316 shares of the company's stock were exchanged, compared to its average volume of 686,089. 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 has a 50-day simple moving average of $179.12 and a two-hundred day simple moving average of $174.59. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.41. Owens Corning has a one year low of $128.79 and a one year high of $199.54.

Owens Corning (NYSE:OC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The construction company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.05 by $0.33. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company earned $4.15 EPS. Owens Corning's revenue was up 22.9% on a year-over-year basis. As a group, research analysts predict that Owens Corning will post 15.39 EPS for the current year.

Owens Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, October 18th. Owens Corning's dividend payout ratio (DPR) is presently 20.43%.

Analysts Set New Price Targets

OC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Owens Corning from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Evercore ISI raised their price objective on shares of Owens Corning from $189.00 to $196.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. UBS Group boosted their target price on Owens Corning from $197.00 to $218.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on Owens Corning from $213.00 to $217.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Benchmark reiterated a "hold" rating on shares of Owens Corning in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Owens Corning currently has an average rating of "Moderate Buy" and a consensus target price of $192.62.

Insider Activity at Owens Corning

In other Owens Corning news, insider Marcio A. Sandri sold 3,051 shares of Owens Corning stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $176.50, for a total transaction of $538,501.50. Following the transaction, the insider now directly owns 57,079 shares in the company, valued at approximately $10,074,443.50. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted its stake in shares of Owens Corning by 794.1% in the 2nd quarter. ST Germain D J Co. Inc. now owns 152 shares of the construction company's stock valued at $26,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC acquired a new position in Owens Corning in the second quarter valued at about $32,000. Tobam boosted its holdings in Owens Corning by 115.7% during the second quarter. Tobam now owns 192 shares of the construction company's stock worth $33,000 after buying an additional 103 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Owens Corning during the 3rd quarter worth about $38,000. Finally, Quarry LP increased its stake in shares of Owens Corning by 165.5% in the 2nd quarter. Quarry LP now owns 231 shares of the construction company's stock valued at $40,000 after acquiring an additional 144 shares during the last quarter. 88.40% of the stock is currently owned by institutional investors and hedge funds.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville's career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

About Owens Corning

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.