6 days Ago By ABMN Staff
Owens Corning ( NYSE:OC – Free Report ) had its target price cut by Royal Bank of Canada from $212.00 to $199.00 in a research report released on Monday morning, Benzinga reports.
They currently have an outperform rating on the construction company’s stock. OC has been the subject of several other reports. StockNews.
com lowered Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Loop Capital decreased their price target on shares of Owens Corning from $215.00 to $210.
00 and set a “buy” rating for the company in a research note on Friday, January 10th. Benchmark reissued a “hold” rating on shares of Owens Corning in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on Owens Corning in a report on Tuesday, April 1st.
They issued a “buy” rating and a $183.00 price objective for the company. Finally, Barclays dropped their price objective on Owens Corning from $215.
00 to $179.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.58. View Our Latest Stock Analysis on Owens Corning Owens Corning Price Performance Owens Corning ( NYSE:OC – Get Free Report ) last released its earnings results on Monday, February 24th.
The construction company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.
35. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.
88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.
92%. The company’s quarterly revenue was up 23.3% on a year-over-year basis.
During the same quarter in the prior year, the firm posted $3.21 earnings per share. As a group, analysts forecast 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 was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were issued a $0.
69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.
97%. The ex-dividend date of this dividend was Monday, March 10th. Owens Corning’s dividend payout ratio is 37.
70%. Insider Transactions at Owens Corning In related news, insider Monaco Nicolas Del sold 1,750 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $183.
97, for a total value of $321,947.50. Following the completion of the transaction, the insider now owns 11,635 shares of the company’s stock, valued at $2,140,490.
95. The trade was a 13.07 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Insiders own 0.82% of the company’s stock.
Hedge Funds Weigh In On Owens Corning Several hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp increased its stake in shares of Owens Corning by 4.0% in the 4th quarter.
Truist Financial Corp now owns 16,038 shares of the construction company’s stock valued at $2,732,000 after purchasing an additional 624 shares during the last quarter. Allstate Corp bought a new stake in shares of Owens Corning during the 4th quarter valued at approximately $425,000. Integrated Quantitative Investments LLC acquired a new position in shares of Owens Corning during the fourth quarter worth $349,000.
Principal Financial Group Inc. lifted its stake in shares of Owens Corning by 88.9% in the 4th quarter.
Principal Financial Group Inc. now owns 392,031 shares of the construction company’s stock valued at $66,777,000 after acquiring an additional 184,552 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its holdings in shares of Owens Corning by 1.
0% during the 4th quarter. Empower Advisory Group LLC now owns 512,049 shares of the construction company’s stock valued at $87,212,000 after acquiring an additional 5,167 shares in the last quarter. 88.
40% of the stock is currently owned by institutional investors and hedge funds. 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. Recommended Stories Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter .
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