Owens Corning (NYSE:OC) was upgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “top pick” rating in a research report issued to clients and investors on Monday.

OC has been the topic of a number of other reports. BidaskClub upgraded shares of Owens Corning from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Wells Fargo & Company upgraded shares of Owens Corning from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $68.00 to $83.00 in a research report on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and issued a $83.00 price target on shares of Owens Corning in a research report on Friday, September 1st. Nomura restated a “neutral” rating and issued a $79.00 price target on shares of Owens Corning in a research report on Monday, September 11th. Finally, Instinet lowered shares of Owens Corning from a “buy” rating to a “neutral” rating and raised their price target for the stock from $74.00 to $79.00 in a research report on Monday, September 11th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Owens Corning currently has a consensus rating of “Buy” and a consensus target price of $78.70.

Shares of Owens Corning (NYSE:OC) opened at $87.66 on Monday. Owens Corning has a 12-month low of $50.77 and a 12-month high of $90.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.66 and a quick ratio of 0.99. The stock has a market cap of $9,751.39, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.09.

Owens Corning (NYSE:OC) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. Owens Corning had a net margin of 6.15% and a return on equity of 11.40%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. equities analysts expect that Owens Corning will post 4.33 earnings per share for the current year.

In other news, VP Ava Harter sold 487 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $81.96, for a total value of $39,914.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael C. Mcmurray sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $76.52, for a total transaction of $1,071,280.00. Following the completion of the transaction, the chief financial officer now owns 40,903 shares of the company’s stock, valued at approximately $3,129,897.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,497 shares of company stock valued at $20,069,268. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of OC. Creative Planning raised its position in Owens Corning by 104.3% during the second quarter. Creative Planning now owns 2,043 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,043 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Owens Corning by 16.7% in the second quarter. Janney Montgomery Scott LLC now owns 12,088 shares of the construction company’s stock valued at $809,000 after purchasing an additional 1,732 shares during the last quarter. Ingalls & Snyder LLC increased its holdings in shares of Owens Corning by 7.1% in the second quarter. Ingalls & Snyder LLC now owns 4,550 shares of the construction company’s stock valued at $304,000 after purchasing an additional 300 shares during the last quarter. Smithfield Trust Co. increased its holdings in shares of Owens Corning by 9.2% in the second quarter. Smithfield Trust Co. now owns 3,608 shares of the construction company’s stock valued at $241,000 after purchasing an additional 304 shares during the last quarter. Finally, ARP Americas LLC acquired a new position in shares of Owens Corning in the second quarter valued at $318,000. 94.55% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Owens Corning (NYSE:OC)

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