Headlines about Owens Corning (NYSE:OC) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Owens Corning earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 45.3612615851591 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- SunTrust Banks, Inc. Reaffirms Hold Rating for Owens Corning Inc (OC) (americanbankingnews.com)
- Owens Corning Earns Place on Dow Jones Sustainability World Index for Eighth Straight Year (finance.yahoo.com)
- Owens Corning Rally Should Continue After This Pullback (finance.yahoo.com)
- Michael C. Mcmurray Sells 14,000 Shares of Owens Corning Inc (OC) Stock (americanbankingnews.com)
- Owens Corning Inc (OC) Downgraded to Neutral at Instinet (americanbankingnews.com)
Shares of Owens Corning (OC) opened at 74.94 on Wednesday. Owens Corning has a 12 month low of $46.45 and a 12 month high of $76.84. The company has a market capitalization of $8.33 billion, a P/E ratio of 21.53 and a beta of 1.04. The stock’s 50 day moving average is $69.28 and its 200 day moving average is $64.29.
Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Owens Corning will post $4.29 EPS for the current fiscal year.
Several brokerages recently issued reports on OC. Royal Bank Of Canada restated a “buy” rating and issued a $71.00 target price on shares of Owens Corning in a report on Monday, June 19th. SunTrust Banks, Inc. restated a “hold” rating on shares of Owens Corning in a report on Tuesday. KeyCorp restated a “buy” rating and issued a $84.00 target price on shares of Owens Corning in a report on Wednesday. FBR & Co raised their target price on shares of Owens Corning from $63.00 to $70.00 and gave the stock a “mkt perform” rating in a report on Thursday, July 27th. Finally, BidaskClub cut shares of Owens Corning from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.10.
In other Owens Corning news, insider Arnaud Genis sold 6,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $70.75, for a total transaction of $424,500.00. Following the completion of the transaction, the insider now directly owns 58,374 shares in the company, valued at $4,129,960.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael C. Mcmurray sold 14,000 shares of the company’s stock in a transaction on 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 owns 40,903 shares of the company’s stock, valued at $3,129,897.56. The disclosure for this sale can be found here. Insiders have sold 84,166 shares of company stock worth $5,978,205 over the last three months. 1.80% of the stock is currently owned by insiders.
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.
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