Owens Corning (NYSE:OC) PT Set at $88.00 by Nomura
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $75.00 price target on shares of Owens Corning in a report on Thursday, July 26th. Seaport Global Securities set a $72.00 price target on shares of Owens Corning and gave the company a buy rating in a report on Wednesday, July 25th. Zacks Investment Research raised shares of Owens Corning from a hold rating to a buy rating and set a $70.00 target price on the stock in a report on Monday, July 2nd. Zelman & Associates raised shares of Owens Corning from a hold rating to a buy rating in a report on Tuesday, June 19th. Finally, Northcoast Research reiterated a buy rating and set a $81.00 price target on shares of Owens Corning in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Owens Corning presently has a consensus rating of Hold and a consensus price target of $80.11.
NYSE OC traded up $0.54 on Wednesday, reaching $59.79. The company had a trading volume of 812,950 shares, compared to its average volume of 1,338,425. The firm has a market cap of $6.72 billion, a PE ratio of 13.59, a PEG ratio of 0.70 and a beta of 0.97. The company has a current ratio of 1.59, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87. Owens Corning has a 1-year low of $55.39 and a 1-year high of $96.52.
In other news, Director W Howard Morris sold 1,514 shares of Owens Corning stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $58.47, for a total transaction of $88,523.58. Following the completion of the transaction, the director now directly owns 36,332 shares in the company, valued at $2,124,332.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Owens Corning by 2.5% during the second quarter. BlackRock Inc. now owns 7,547,845 shares of the construction company’s stock worth $478,305,000 after purchasing an additional 181,922 shares during the last quarter. Boston Partners boosted its stake in Owens Corning by 3,089.6% in the second quarter. Boston Partners now owns 5,655,318 shares of the construction company’s stock valued at $358,378,000 after acquiring an additional 5,478,011 shares during the last quarter. Iridian Asset Management LLC CT boosted its stake in Owens Corning by 44.2% in the second quarter. Iridian Asset Management LLC CT now owns 4,220,826 shares of the construction company’s stock valued at $267,474,000 after acquiring an additional 1,293,828 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Owens Corning by 47.8% in the second quarter. Victory Capital Management Inc. now owns 2,931,929 shares of the construction company’s stock valued at $185,795,000 after acquiring an additional 947,917 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Owens Corning by 22.9% in the second quarter. Wells Fargo & Company MN now owns 2,033,976 shares of the construction company’s stock valued at $128,892,000 after acquiring an additional 378,414 shares during the last quarter.
Owens Corning Company Profile
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.
Recommended Story: Risk Tolerance and Your Investment Decisions
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.