Owens Corning (NYSE:OC) CFO Todd W. Fister Sells 3,000 Shares of Stock

Owens Corning (NYSE:OC) CFO Todd W. Fister sold 3,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $180.85, for a total transaction of $542,550.00. Following the completion of the transaction, the chief financial officer now owns 34,626 shares of the company’s stock, valued at approximately $6,262,112.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Owens Corning Stock Performance

NYSE OC opened at $177.16 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 1.22. Owens Corning has a 1 year low of $109.95 and a 1 year high of $184.00. The company has a market capitalization of $15.35 billion, a PE ratio of 14.34, a P/E/G ratio of 5.26 and a beta of 1.46. The company has a fifty day moving average of $173.28 and a two-hundred day moving average of $159.29.

Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.55. Owens Corning had a net margin of 11.53% and a return on equity of 26.52%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts expect that Owens Corning will post 15.48 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on OC. The Goldman Sachs Group restated a “neutral” rating and issued a $187.00 price target on shares of Owens Corning in a research note on Monday. Citigroup boosted their target price on shares of Owens Corning from $150.00 to $169.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. UBS Group boosted their target price on shares of Owens Corning from $169.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Loop Capital boosted their target price on shares of Owens Corning from $167.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada boosted their target price on shares of Owens Corning from $192.00 to $201.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Owens Corning currently has a consensus rating of “Moderate Buy” and an average target price of $177.07.

Institutional Investors Weigh In On Owens Corning

Institutional investors and hedge funds have recently made changes to their positions in the business. Atria Wealth Solutions Inc. purchased a new position in Owens Corning during the third quarter worth about $251,000. HighTower Advisors LLC raised its holdings in Owens Corning by 155.5% during the third quarter. HighTower Advisors LLC now owns 36,590 shares of the construction company’s stock worth $4,998,000 after purchasing an additional 22,269 shares in the last quarter. Paralel Advisors LLC raised its holdings in Owens Corning by 1.1% during the third quarter. Paralel Advisors LLC now owns 19,963 shares of the construction company’s stock worth $2,723,000 after purchasing an additional 224 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Owens Corning by 226.0% during the third quarter. Loomis Sayles & Co. L P now owns 1,708 shares of the construction company’s stock worth $233,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Owens Corning by 23.1% during the third quarter. Kestra Advisory Services LLC now owns 2,165 shares of the construction company’s stock worth $295,000 after purchasing an additional 406 shares in the last quarter. 88.40% of the stock is owned by hedge funds and other institutional investors.

About Owens Corning

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.