Brokerages Set Owens Corning Inc (NYSE:OC) PT at $150.58

Owens Corning Inc (NYSE:OC) has earned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $150.5833.

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Owens Corning in a research report on Monday, December 29th. Argus raised shares of Owens Corning to a “strong-buy” rating in a report on Wednesday, January 14th. Royal Bank Of Canada set a $143.00 target price on shares of Owens Corning in a research report on Friday, January 9th. Evercore lowered their price target on shares of Owens Corning from $121.00 to $117.00 and set an “in-line” rating on the stock in a research report on Thursday, December 4th. Finally, UBS Group dropped their price target on shares of Owens Corning from $179.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th.

Owens Corning Trading Up 0.8%

NYSE:OC opened at $132.74 on Tuesday. Owens Corning has a 12 month low of $97.53 and a 12 month high of $173.63. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $122.50 and its 200 day moving average is $128.30. The stock has a market capitalization of $10.91 billion, a PE ratio of -23.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.36.

Owens Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Monday, March 9th will be given a $0.79 dividend. The ex-dividend date is Monday, March 9th. This represents a $3.16 annualized dividend and a dividend yield of 2.4%. Owens Corning’s payout ratio is -55.24%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its position in shares of Owens Corning by 61.7% during the first quarter. Geneos Wealth Management Inc. now owns 482 shares of the construction company’s stock valued at $69,000 after buying an additional 184 shares during the period. Sivia Capital Partners LLC bought a new stake in Owens Corning during the 2nd quarter worth approximately $277,000. IFP Advisors Inc boosted its holdings in Owens Corning by 76.0% in the 2nd quarter. IFP Advisors Inc now owns 461 shares of the construction company’s stock valued at $63,000 after purchasing an additional 199 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Owens Corning by 124.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,035 shares of the construction company’s stock valued at $830,000 after purchasing an additional 3,351 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Owens Corning in the second quarter worth $256,000. Institutional investors own 88.40% of the company’s stock.

Owens Corning Company Profile

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.