Owens Corning (NYSE: OC) recently received a number of ratings updates from brokerages and research firms:

  • 9/13/2017 – Owens Corning had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $84.00 price target on the stock.
  • 9/12/2017 – Owens Corning had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 9/11/2017 – Owens Corning had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $79.00 price target on the stock.
  • 9/11/2017 – Owens Corning was downgraded by analysts at Instinet from a “buy” rating to a “neutral” rating. They now have a $79.00 price target on the stock, up previously from $74.00.
  • 9/1/2017 – Owens Corning had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $83.00 price target on the stock.
  • 8/30/2017 – Owens Corning was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $83.00 price target on the stock, up previously from $68.00.
  • 8/25/2017 – Owens Corning was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – Owens Corning had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $83.00 price target on the stock.
  • 7/28/2017 – Owens Corning had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $79.00 price target on the stock.
  • 7/27/2017 – Owens Corning was upgraded by analysts at MKM Partners from a “sell” rating to a “neutral” rating. They now have a $62.00 price target on the stock, up previously from $47.00.
  • 7/27/2017 – Owens Corning was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Owens Corning had its price target raised by analysts at FBR & Co from $63.00 to $70.00. They now have a “mkt perform” rating on the stock.
  • 7/27/2017 – Owens Corning had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $82.00 price target on the stock.

Owens Corning Inc (OC) opened at 74.44 on Wednesday. The stock’s 50 day moving average is $70.76 and its 200 day moving average is $64.99. Owens Corning Inc has a 52 week low of $46.45 and a 52 week high of $76.84. The company has a market capitalization of $8.28 billion, a P/E ratio of 21.38 and a beta of 1.04.

Owens Corning (NYSE:OC) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Owens Corning Inc will post $4.30 earnings per share for the current year.

In related news, Chairman Michael H. Thaman sold 130,700 shares of Owens Corning stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $74.95, for a total transaction of $9,795,965.00. Following the completion of the transaction, the chairman now directly owns 847,992 shares of the company’s stock, valued at approximately $63,557,000.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael C. Mcmurray sold 14,000 shares of Owens Corning stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $76.52, for a total transaction of $1,071,280.00. Following the transaction, the chief financial officer now directly owns 40,903 shares of the company’s stock, valued at $3,129,897.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 212,866 shares of company stock valued at $15,644,970. 1.80% of the stock is owned by corporate insiders.

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.

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