Owens Corning Director Edward Lonergan Purchases 2,000 Shares (OC)
Owens Corning (NYSE:OC) Director Edward Lonergan bought 2,000 shares of Owens Corning stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of $37.75 per share, with a total value of $75,500.00. Following the completion of the transaction, the director now directly owns 2,228 shares of the company’s stock, valued at approximately $84,107. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Owens Corning (NYSE:OC) traded up 0.21% on Tuesday, hitting $37.49. 2,277,812 shares of the company’s stock traded hands. Owens Corning has a one year low of $29.48 and a one year high of $45.55. The stock’s 50-day moving average is $38.60 and its 200-day moving average is $40.34. The company has a market cap of $4.413 billion and a P/E ratio of 67.89.
Owens Corning (NYSE:OC) last released its earnings data on Wednesday, October 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.13. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Owens Corning will post $1.76 EPS for the current fiscal year.
A number of research firms have recently commented on OC. Analysts at Merrill Lynch downgraded shares of Owens Corning from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at KeyCorp downgraded shares of Owens Corning from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $51.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Owens Corning from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a $40.00 price target on the stock, down previously from $43.00. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $40.05.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.
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