1 week Ago By ABMN Staff
Owens Corning ( NYSE:OC – Free Report ) had its price objective trimmed by Barclays from $215.00 to $179.00 in a research report report published on Tuesday, Benzinga reports.
The brokerage currently has an overweight rating on the construction company’s stock. Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Owens Corning in a report on Tuesday, April 1st.
They issued a “buy” rating and a $183.00 target price for the company. StockNews.
com downgraded shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a $212.00 target price on shares of Owens Corning in a research note on Monday, March 17th.
Benchmark reiterated a “hold” rating on shares of Owens Corning in a research note on Monday, March 3rd. Finally, Citigroup lowered their price objective on Owens Corning from $212.00 to $207.
00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Owens Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.
42. Check Out Our Latest Stock Report on Owens Corning Owens Corning Trading Down 2.8 % Owens Corning ( NYSE:OC – Get Free Report ) last released its quarterly earnings results on Monday, February 24th.
The construction company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.
35. The business had revenue of $2.84 billion during 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%. Owens Corning’s revenue for the quarter was up 23.3% on a year-over-year basis.
During the same quarter in the previous year, the company posted $3.21 earnings per share. As a group, equities analysts anticipate that Owens Corning will post 15.
49 earnings per share for the current year. Owens Corning Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.
69 per share. The ex-dividend date is Monday, March 10th. This represents a $2.
76 annualized dividend and a dividend yield of 2.19%. Owens Corning’s dividend payout ratio (DPR) is 37.
70%. Insider Activity at Owens Corning In related news, insider Monaco Nicolas Del sold 1,750 shares of the company’s stock in a transaction 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 sale, the insider now owns 11,635 shares of the company’s stock, valued at $2,140,490.
95. This represents 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 . 0.82% of the stock is currently owned by insiders.
Institutional Trading of Owens Corning Large investors have recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new stake in Owens Corning during the 4th quarter valued at $28,000.
Venturi Wealth Management LLC increased its position in Owens Corning by 55.8% during the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company’s stock valued at $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 lifted its holdings in shares of Owens Corning by 193.7% in the 4th quarter.
Wilmington Savings Fund Society FSB now owns 185 shares of the construction company’s stock worth $32,000 after acquiring an additional 122 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Owens Corning in the 4th quarter worth about $34,000. 88.
40% of the stock is currently owned by institutional investors. Owens Corning Company Profile ( 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. See Also 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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