News stories about Owens Corning (NYSE:OC) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Owens Corning earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 45.3548618128651 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Can Owens Corning (OC) Stock Continue to Grow Earnings? (finance.yahoo.com)
- Owens Corning (OC) Receives “Buy” Rating from KeyCorp (americanbankingnews.com)
- Owens Corning (OC) PT Raised to $107 at Seaport Global Securities (streetinsider.com)
- Owens Corning (OC) PT Raised to $107.00 at Seaport Global Securities (americanbankingnews.com)
- Top Ranked Value Stocks to Buy for January 9th (zacks.com)
Owens Corning (NYSE OC) traded up $0.43 during mid-day trading on Friday, hitting $95.92. The company had a trading volume of 702,886 shares, compared to its average volume of 1,190,000. 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 company has a market capitalization of $10,670.00, a P/E ratio of 28.63, a P/E/G ratio of 1.18 and a beta of 1.09. Owens Corning has a 12-month low of $50.77 and a 12-month high of $95.99.
Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. Owens Corning had a net margin of 5.64% and a return on equity of 9.57%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. analysts predict that Owens Corning will post 4.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a $0.21 dividend. The ex-dividend date is Friday, December 29th. This is an increase from Owens Corning’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.88%. Owens Corning’s payout ratio is currently 25.07%.
OC has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of Owens Corning from an “outperform” rating to a “top pick” rating in a report on Monday, December 4th. SunTrust Banks increased their price objective on shares of Owens Corning from $66.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Stifel Nicolaus reissued a “buy” rating and issued a $83.00 target price on shares of Owens Corning in a report on Thursday, October 26th. Credit Suisse Group raised their target price on shares of Owens Corning from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Finally, Zacks Investment Research lowered shares of Owens Corning from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $84.77.
In other news, CFO Michael C. Mcmurray sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $90.78, for a total transaction of $1,634,040.00. Following the sale, the chief financial officer now owns 52,228 shares in the company, valued at $4,741,257.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Howard Morris sold 2,026 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $81.95, for a total value of $166,030.70. The disclosure for this sale can be found here. Insiders sold 129,933 shares of company stock valued at $11,196,722 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.
Owens Corning Company Profile
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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