Owens Corning Inc (NYSE:OC) – Equities research analysts at Jefferies Group increased their Q3 2017 earnings estimates for Owens Corning in a report issued on Thursday. Jefferies Group analyst P. Ng now anticipates that the construction company will earn $1.18 per share for the quarter, up from their prior estimate of $1.17. Jefferies Group has a “Buy” rating and a $82.00 price objective on the stock. Jefferies Group also issued estimates for Owens Corning’s Q4 2017 earnings at $1.04 EPS and Q4 2018 earnings at $1.27 EPS.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $83.00 price target on shares of Owens Corning in a research report on Friday, September 1st. Wells Fargo & Company upgraded shares of Owens Corning from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $83.00 in a research report on Wednesday, August 30th. Instinet downgraded shares of Owens Corning from a “buy” rating to a “neutral” rating and lifted their price target for the company from $74.00 to $79.00 in a research report on Monday, September 11th. KeyCorp reiterated a “buy” rating and issued a $84.00 price target on shares of Owens Corning in a research report on Wednesday, September 13th. Finally, BidaskClub downgraded shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Owens Corning presently has an average rating of “Buy” and an average price target of $74.89.

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Owens Corning (NYSE:OC) opened at 80.11 on Monday. The stock has a 50 day moving average price of $77.14 and a 200 day moving average price of $67.75. Owens Corning has a 1-year low of $46.45 and a 1-year high of $80.56. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 23.01 and a beta of 1.05.

Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates 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 was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Monday, October 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, October 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.00%. Owens Corning’s dividend payout ratio (DPR) is presently 23.05%.

In other news, insider Brian Chambers sold 16,600 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 39,957 shares in the company, valued at $2,684,311.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arnaud Genis sold 6,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $70.75, for a total transaction of $424,500.00. Following the transaction, the insider now owns 58,374 shares of the company’s stock, valued at $4,129,960.50. The disclosure for this sale can be found here. Insiders have sold 212,866 shares of company stock valued at $15,644,970 over the last quarter. Company insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. APG Asset Management N.V. acquired a new position in shares of Owens Corning during the third quarter worth $7,379,000. Barometer Capital Management Inc. increased its holdings in shares of Owens Corning by 37.5% during the third quarter. Barometer Capital Management Inc. now owns 267,700 shares of the construction company’s stock worth $20,707,000 after buying an additional 73,000 shares in the last quarter. Carnick & Kubik Group LLC acquired a new position in shares of Owens Corning during the third quarter worth $1,358,000. Murphy Capital Management Inc. increased its holdings in shares of Owens Corning by 13.8% during the third quarter. Murphy Capital Management Inc. now owns 7,000 shares of the construction company’s stock worth $541,000 after buying an additional 850 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Owens Corning by 13.3% during the third quarter. Fisher Asset Management LLC now owns 395,746 shares of the construction company’s stock worth $30,611,000 after buying an additional 46,456 shares in the last quarter. Institutional investors own 96.76% of the company’s stock.

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.

Earnings History and Estimates for Owens Corning (NYSE:OC)

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