Owens Corning (NYSE:OC) – Stock analysts at B. Riley upped their FY2018 EPS estimates for Owens Corning in a report released on Wednesday. B. Riley analyst A. Rygiel now anticipates that the construction company will earn $5.48 per share for the year, up from their previous estimate of $4.65.

Owens Corning (NYSE:OC) last released its earnings results on Wednesday, October 25th. The construction company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. Owens Corning had a return on equity of 11.40% and a net margin of 6.15%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share.

OC has been the subject of several other reports. Credit Suisse Group set a $90.00 target price on shares of Owens Corning and gave the company an “outperform” rating in a report on Tuesday, October 17th. Evercore ISI reissued an “outperform” rating and issued a $80.00 price target (down previously from $88.00) on shares of Owens Corning in a research note on Wednesday, October 11th. Bank of America lifted their price target on shares of Owens Corning from $84.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Nomura reissued a “neutral” rating and issued a $79.00 price target on shares of Owens Corning in a research note on Monday, September 11th. Finally, SunTrust Banks reissued a “hold” rating on shares of Owens Corning in a research note on Tuesday, September 12th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.10.

Owens Corning (NYSE OC) traded down $0.41 during mid-day trading on Friday, reaching $93.65. 806,900 shares of the company were exchanged, compared to its average volume of 724,433. The firm has a market cap of $10,450.00, a PE ratio of 27.96, a PEG ratio of 1.20 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.62. Owens Corning has a one year low of $50.77 and a one year high of $94.99.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.21 per share. This is a boost from Owens Corning’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.84 annualized dividend and a dividend yield of 0.90%. Owens Corning’s payout ratio is presently 25.07%.

In related news, VP Ava Harter sold 487 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $81.96, for a total value of $39,914.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Howard Morris sold 2,026 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $81.95, for a total transaction of $166,030.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,933 shares of company stock worth $11,196,722. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Owens Corning by 1.8% during the second quarter. Vanguard Group Inc. now owns 10,562,420 shares of the construction company’s stock worth $706,837,000 after buying an additional 190,866 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Owens Corning by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,666,185 shares of the construction company’s stock worth $245,337,000 after acquiring an additional 27,809 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Owens Corning by 22.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,798,466 shares of the construction company’s stock worth $139,112,000 after acquiring an additional 328,726 shares in the last quarter. LSV Asset Management grew its position in shares of Owens Corning by 21.2% in the 2nd quarter. LSV Asset Management now owns 1,680,100 shares of the construction company’s stock worth $112,432,000 after acquiring an additional 294,400 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Owens Corning by 10.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 1,002,718 shares of the construction company’s stock worth $77,560,000 after acquiring an additional 94,659 shares in the last quarter. Institutional investors own 94.50% of the company’s stock.

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About Owens Corning

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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