Gunner Smith Sells 708 Shares of Owens Corning (NYSE:OC) Stock

Owens Corning (NYSE:OCGet Free Report) insider Gunner Smith sold 708 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $153.73, for a total value of $108,840.84. Following the sale, the insider now owns 39,994 shares in the company, valued at approximately $6,148,277.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Owens Corning Trading Up 0.2 %

Shares of Owens Corning stock opened at $153.33 on Wednesday. The company’s fifty day simple moving average is $147.77 and its 200-day simple moving average is $138.34. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.93 and a beta of 1.47. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. Owens Corning has a 1 year low of $88.86 and a 1 year high of $156.28.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Monday, March 4th will be given a $0.60 dividend. The ex-dividend date is Friday, March 1st. This represents a $2.40 annualized dividend and a yield of 1.57%. Owens Corning’s dividend payout ratio (DPR) is currently 18.49%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com upgraded Owens Corning from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 26th. Royal Bank of Canada dropped their target price on Owens Corning from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. JPMorgan Chase & Co. upped their target price on Owens Corning from $116.00 to $161.00 and gave the company a “neutral” rating in a report on Thursday, December 14th. Wells Fargo & Company began coverage on Owens Corning in a report on Tuesday, October 17th. They issued an “equal weight” rating and a $143.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Owens Corning from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $180.00 in a report on Friday, December 8th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

View Our Latest Research Report on OC

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OC. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Owens Corning by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,130 shares of the construction company’s stock valued at $1,205,000 after buying an additional 67 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Owens Corning by 24.6% in the second quarter. Bessemer Group Inc. now owns 380 shares of the construction company’s stock valued at $50,000 after buying an additional 75 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Owens Corning by 42.2% in the fourth quarter. Blue Trust Inc. now owns 263 shares of the construction company’s stock valued at $36,000 after buying an additional 78 shares during the last quarter. Caprock Group LLC raised its holdings in shares of Owens Corning by 3.7% in the fourth quarter. Caprock Group LLC now owns 2,214 shares of the construction company’s stock valued at $328,000 after buying an additional 79 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Owens Corning by 19.5% in the second quarter. Lindbrook Capital LLC now owns 526 shares of the construction company’s stock valued at $69,000 after buying an additional 86 shares during the last quarter. 90.22% of the stock is owned by institutional investors.

Owens Corning Company Profile

(Get Free Report)

Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products.

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Insider Buying and Selling by Quarter for Owens Corning (NYSE:OC)

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