Owens Corning Inc (NYSE:OC)‘s stock had its “buy” rating restated by analysts at KeyCorp in a research report issued on Wednesday. They currently have a $84.00 price target on the construction company’s stock. KeyCorp’s price target points to a potential upside of 11.26% from the stock’s previous close.

OC has been the topic of a number of other reports. Wells Fargo & Company upgraded Owens Corning from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $68.00 to $83.00 in a research report on Wednesday, August 30th. MKM Partners upgraded Owens Corning from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $62.00 in a research report on Thursday, July 27th. FBR & Co boosted their price objective on Owens Corning from $63.00 to $70.00 and gave the company a “mkt perform” rating in a research report on Thursday, July 27th. Instinet cut Owens Corning from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $74.00 to $79.00 in a research report on Monday, September 11th. Finally, BidaskClub upgraded Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $72.10.

Shares of Owens Corning (NYSE OC) traded up 0.37% during mid-day trading on Wednesday, reaching $75.50. 1,211,189 shares of the company’s stock traded hands. The company has a market capitalization of $8.40 billion, a P/E ratio of 21.69 and a beta of 1.04. The firm has a 50-day moving average price of $70.31 and a 200-day moving average price of $64.69. Owens Corning has a 1-year low of $46.45 and a 1-year high of $76.84.

Owens Corning (NYSE:OC) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. Owens Corning had a return on equity of 11.12% and a net margin of 6.61%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. On average, equities research analysts forecast that Owens Corning will post $4.30 earnings per share for the current fiscal year.

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In other Owens Corning news, VP Kelly Schmidt sold 1,462 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $70.35, for a total value of $102,851.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael C. Mcmurray sold 14,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $76.52, for a total value of $1,071,280.00. Following the completion of the transaction, the chief financial officer now directly owns 40,903 shares in the company, valued at approximately $3,129,897.56. The disclosure for this sale can be found here. In the last three months, insiders sold 212,866 shares of company stock worth $15,644,970. Insiders own 1.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in shares of Owens Corning by 97.6% during the second quarter. Public Employees Retirement System of Ohio now owns 101,402 shares of the construction company’s stock worth $6,786,000 after acquiring an additional 50,091 shares during the last quarter. Castleark Management LLC raised its position in shares of Owens Corning by 27.5% during the second quarter. Castleark Management LLC now owns 71,235 shares of the construction company’s stock worth $4,767,000 after acquiring an additional 15,375 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Owens Corning by 184.1% during the second quarter. Nomura Holdings Inc. now owns 11,226 shares of the construction company’s stock worth $751,000 after acquiring an additional 7,275 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Owens Corning by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,689 shares of the construction company’s stock worth $247,000 after acquiring an additional 304 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Owens Corning by 32.4% during the second quarter. Cubist Systematic Strategies LLC now owns 14,792 shares of the construction company’s stock worth $990,000 after acquiring an additional 3,622 shares during the last quarter. 96.78% of the stock is currently owned by institutional investors.

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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