Owens Corning Inc (NYSE:OC) insider Brian Chambers sold 16,600 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $67.18, for a total transaction of $1,115,188.00. Following the sale, the insider now directly owns 39,957 shares of the company’s stock, valued at $2,684,311.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Owens Corning Inc (NYSE OC) traded down 0.38% during midday trading on Monday, hitting $68.05. 701,291 shares of the stock were exchanged. Owens Corning Inc has a one year low of $46.45 and a one year high of $68.80. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 19.55 and a beta of 1.11. The firm has a 50 day moving average of $66.06 and a 200-day moving average of $61.47.

Owens Corning (NYSE:OC) last issued its quarterly earnings data 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. Owens Corning had a return on equity of 11.12% and a net margin of 6.61%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts expect that Owens Corning Inc will post $4.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Monday, July 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, July 13th. Owens Corning’s payout ratio is currently 23.05%.

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Several equities analysts recently commented on the stock. BidaskClub lowered shares of Owens Corning from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Owens Corning in a research report on Friday, July 28th. MKM Partners raised shares of Owens Corning from a “sell” rating to a “neutral” rating and increased their price objective for the company from $47.00 to $62.00 in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Owens Corning in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Owens Corning in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. Owens Corning currently has a consensus rating of “Buy” and an average price target of $70.53.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OC. Creative Planning raised its position in Owens Corning by 104.3% in the second quarter. Creative Planning now owns 2,043 shares of the construction company’s stock worth $137,000 after buying an additional 1,043 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in Owens Corning by 457.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,301 shares of the construction company’s stock worth $141,000 after buying an additional 1,888 shares during the last quarter. IFP Advisors Inc raised its position in Owens Corning by 45.3% in the first quarter. IFP Advisors Inc now owns 2,558 shares of the construction company’s stock worth $157,000 after buying an additional 798 shares during the last quarter. Penserra Capital Management LLC raised its position in Owens Corning by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,668 shares of the construction company’s stock worth $163,000 after buying an additional 232 shares during the last quarter. Finally, First Bank & Trust raised its position in Owens Corning by 3.6% in the second quarter. First Bank & Trust now owns 3,024 shares of the construction company’s stock worth $202,000 after buying an additional 104 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.

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

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