News articles about Owens Corning (NYSE:OC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Owens Corning earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 47.2502383160353 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Owens Corning to Webcast Investor Day on Thursday, Nov. 16 (finance.yahoo.com)
- Owens Corning Insulation Products are First to be Certified as Made with 100% Wind-Powered Electricity and Reduced Embodied Carbon (finance.yahoo.com)
- Report: Exploring Fundamental Drivers Behind Regal Entertainment, Owens Corning, Apache, Berkshire Hathaway, American Electric Power Company, and Lennar – New Horizons, Emerging Trends, and Upcoming Developments (finance.yahoo.com)
- ETFs with exposure to Owens Corning : November 6, 2017 (finance.yahoo.com)
- Owens Corning Inc (OC) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
Shares of Owens Corning (OC) opened at $81.89 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. Owens Corning has a 1-year low of $49.80 and a 1-year high of $83.31. The firm has a market capitalization of $9,172.93, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.
Owens Corning (NYSE:OC) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.01). Owens Corning had a return on equity of 11.40% and a net margin of 6.15%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. sell-side analysts predict that Owens Corning will post 4.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Monday, October 16th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, October 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.98%. Owens Corning’s payout ratio is currently 23.88%.
A number of research analysts have recently commented on the company. FBR & Co increased their price target on Owens Corning from $63.00 to $70.00 and gave the company a “mkt perform” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $79.00 price target on shares of Owens Corning in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $83.00 price target on shares of Owens Corning in a research note on Thursday, October 26th. Instinet cut Owens Corning from a “buy” rating to a “neutral” rating and increased their price target for the company from $74.00 to $79.00 in a research note on Monday, September 11th. Finally, BidaskClub cut Owens Corning from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Owens Corning currently has an average rating of “Buy” and a consensus target price of $76.95.
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In other news, insider Arnaud Genis sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $70.75, for a total value of $424,500.00. Following the completion of the sale, the insider now directly owns 58,374 shares in the company, valued at approximately $4,129,960.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Daniel T. Smith sold 41,425 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $70.89, for a total value of $2,936,618.25. Following the completion of the sale, the vice president now owns 60,708 shares of the company’s stock, valued at $4,303,590.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 196,266 shares of company stock valued at $14,529,782. Company insiders own 1.80% of the company’s stock.
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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