Owens Corning Inc (NYSE:OC) had its target price hoisted by equities researchers at FBR & Co from $63.00 to $70.00 in a research note issued on Thursday. The firm presently has a “mkt perform” rating on the construction company’s stock. FBR & Co’s price objective points to a potential upside of 2.85% from the company’s previous close.

A number of other research firms have also recently weighed in on OC. MKM Partners upgraded shares of Owens Corning from a “sell” rating to a “neutral” rating and set a $62.00 target price on the stock in a research note on Thursday. BidaskClub cut shares of Owens Corning from a “hold” rating to a “sell” rating in a research note on Thursday. KeyCorp reiterated an “overweight” rating and issued a $75.00 target price (up from $70.00) on shares of Owens Corning in a research note on Monday, June 26th. Northcoast Research set a $76.00 target price on shares of Owens Corning and gave the company a “buy” rating in a research note on Tuesday, June 27th. Finally, Credit Suisse Group assumed coverage on shares of Owens Corning in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $75.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Owens Corning presently has a consensus rating of “Buy” and a consensus target price of $67.95.

Owens Corning (NYSE:OC) traded down 0.18% on Thursday, reaching $67.94. 1,337,284 shares of the company’s stock traded hands. Owens Corning has a 52-week low of $46.45 and a 52-week high of $68.80. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 17.81 and a beta of 1.11. The company’s 50 day moving average is $65.74 and its 200-day moving average is $60.97.

Owens Corning (NYSE:OC) last released its earnings results on Wednesday, July 26th. The construction company reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Owens Corning had a net margin of 7.38% and a return on equity of 11.56%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. Equities analysts expect that Owens Corning will post $4.11 EPS for the current year.

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In other Owens Corning news, Director James J. Mcmonagle sold 2,000 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $64.60, for a total transaction of $129,200.00. Following the completion of the sale, the director now owns 50,906 shares of the company’s stock, valued at approximately $3,288,527.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Arnaud Genis sold 21,544 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $65.44, for a total transaction of $1,409,839.36. Following the sale, the insider now directly owns 80,143 shares of the company’s stock, valued at approximately $5,244,557.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. World Asset Management Inc boosted its stake in shares of Owens Corning by 1.1% in the first quarter. World Asset Management Inc now owns 4,941 shares of the construction company’s stock valued at $303,000 after buying an additional 52 shares during the last quarter. Opus Capital Group LLC boosted its stake in shares of Owens Corning by 1.5% in the first quarter. Opus Capital Group LLC now owns 5,126 shares of the construction company’s stock valued at $314,000 after buying an additional 76 shares during the last quarter. Laurion Capital Management LP boosted its stake in shares of Owens Corning by 1.8% in the first quarter. Laurion Capital Management LP now owns 5,700 shares of the construction company’s stock valued at $350,000 after buying an additional 103 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Owens Corning by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,668 shares of the construction company’s stock valued at $163,000 after buying an additional 232 shares during the last quarter. Finally, Robecosam AG boosted its stake in shares of Owens Corning by 4.7% in the first quarter. Robecosam AG now owns 5,550 shares of the construction company’s stock valued at $338,000 after buying an additional 250 shares during the last quarter.

Owens Corning Company Profile

Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.

Analyst Recommendations for Owens Corning (NYSE:OC)

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