Owens Corning (OC) Scheduled to Post Earnings on Tuesday

Owens Corning (NYSE:OC) will be announcing its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $4.31 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Owens Corning Stock Down 7.2 %

Owens Corning stock opened at $169.68 on Monday. The company’s 50-day moving average price is $175.81 and its two-hundred day moving average price is $166.26. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.70 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.62 and a beta of 1.42. Owens Corning has a twelve month low of $109.95 and a twelve month high of $191.13.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.41%. Owens Corning’s dividend payout ratio (DPR) is currently 19.43%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OC shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $187.00 price objective on shares of Owens Corning in a report on Monday, June 17th. Jefferies Financial Group began coverage on shares of Owens Corning in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $215.00 price target on the stock. Barclays lowered their price target on shares of Owens Corning from $190.00 to $189.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Loop Capital boosted their price objective on shares of Owens Corning from $188.00 to $215.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Evercore ISI raised their target price on shares of Owens Corning from $172.00 to $188.00 and gave the stock an “in-line” rating in a report on Monday, July 15th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $183.92.

Insider Transactions at Owens Corning

In other Owens Corning news, CFO Todd W. Fister sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $173.65, for a total transaction of $520,950.00. Following the completion of the transaction, the chief financial officer now owns 31,626 shares of the company’s stock, valued at $5,491,854.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Mari Doerfler sold 240 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $182.05, for a total transaction of $43,692.00. Following the sale, the vice president now owns 4,954 shares in the company, valued at approximately $901,875.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd W. Fister sold 3,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $173.65, for a total value of $520,950.00. Following the completion of the transaction, the chief financial officer now owns 31,626 shares of the company’s stock, valued at $5,491,854.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,360 shares of company stock valued at $3,437,315. Corporate insiders own 0.89% of the company’s stock.

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.