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

Owens Corning (NYSE:OC) CFO Todd W. Fister sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 34,626 shares of the company’s stock, valued at $6,262,112.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Owens Corning Stock Up 1.2 %

Owens Corning stock opened at $179.34 on Wednesday. Owens Corning has a twelve month low of $109.95 and a twelve month high of $184.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.76. The firm has a market cap of $15.54 billion, a PE ratio of 14.52, a P/E/G ratio of 5.26 and a beta of 1.46. The firm’s 50 day moving average price is $173.39 and its two-hundred day moving average price is $159.58.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Argus raised their price objective on Owens Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. UBS Group increased their price target on Owens Corning from $169.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Loop Capital boosted their price objective on Owens Corning from $167.00 to $188.00 and gave the stock a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $187.00 target price on shares of Owens Corning in a report on Monday. Finally, Jefferies Financial Group assumed coverage on shares of Owens Corning in a report on Wednesday, May 22nd. They set a “buy” rating and a $215.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.07.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OC. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Owens Corning by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,130 shares of the construction company’s stock valued at $1,205,000 after buying an additional 67 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Owens Corning by 2.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,082 shares of the construction company’s stock valued at $457,000 after acquiring an additional 69 shares during the last quarter. GAMMA Investing LLC grew its position in Owens Corning by 7.5% in the first quarter. GAMMA Investing LLC now owns 1,104 shares of the construction company’s stock worth $184,000 after acquiring an additional 77 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Owens Corning by 42.2% during the 4th quarter. Blue Trust Inc. now owns 263 shares of the construction company’s stock worth $36,000 after purchasing an additional 78 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Owens Corning by 24.9% during the 1st quarter. Bessemer Group Inc. now owns 391 shares of the construction company’s stock valued at $65,000 after purchasing an additional 78 shares in the last quarter. 88.40% of the stock is owned by institutional investors and hedge funds.

Owens Corning Company Profile

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.