Owens Corning (NYSE:OC) Insider Monaco Nicolas Del Sells 1,750 Shares

Owens Corning (NYSE:OC) 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 transaction of $321,947.50. Following the completion of the sale, the insider now directly owns 11,635 shares in the company, valued at $2,140,490.95. This trade represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Owens Corning Trading Down 1.6 %

NYSE:OC opened at $181.06 on Friday. The firm has a market cap of $15.53 billion, a P/E ratio of 15.41, a PEG ratio of 2.01 and a beta of 1.46. Owens Corning has a 12-month low of $138.70 and a 12-month high of $214.53. The stock’s 50 day simple moving average is $182.04 and its 200-day simple moving average is $178.75. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89.

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, November 6th. The construction company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.33. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the business posted $4.15 earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities analysts anticipate that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, March 10th. Owens Corning’s payout ratio is currently 23.49%.

Institutional Trading of Owens Corning

A number of institutional investors have recently bought and sold shares of OC. FPC Investment Advisory Inc. acquired a new position in Owens Corning during the fourth quarter worth about $28,000. Venturi Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 63 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Owens Corning in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Owens Corning by 193.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company’s stock valued at $32,000 after acquiring an additional 122 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Owens Corning during the 4th quarter worth about $34,000. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OC. Loop Capital reduced their target price on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group boosted their target price on Owens Corning from $178.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group increased their price target on Owens Corning from $197.00 to $218.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Citigroup cut their target price 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. Finally, Wells Fargo & Company upgraded shares of Owens Corning from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $195.00 to $225.00 in a research note on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.75.

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.