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Tuesday, March 21, 2023

Investing In Owens Corning (NYSE: OC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Owens Corning (OC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.72, or 0.79%, to $92.31. The Owens Corning has recorded 18,950 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Owens Corning Highlights Comprehensive Insulation Product Line at 2023 International Builders’ Show.

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Stocks Info

The company is listed on the NYSE and operates within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $91.59 and fluctuated between $92.96 as its day high and $90.89 as its day low. The current market capitalization of Owens Corning is $8.52B. A total of 0.73 million shares were traded on the day, compared to an average of 924.34K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, OC has seen 14 BUY and 2 SELL insider trades, representing the acquisition of 4,670 and the disposition of 5,781 shares. Over the last 12 months, there were 96 BUYs and 53 SELLs from insiders. Insiders purchased 188,327 shares during that period but sold 89,644.

In the most recent transaction, Schmidt Kelly sold 2,181 shares of OC for 93.74 per share on Dec 09. After the transaction, the Vice President and Controller now owns 13,018 company shares. In a previous transaction on Nov 28, Sandri Marcio A sold 3,600 shares at 90.06 per share. OC shares that President, Composites owns now total 46,428.

Among the insiders who sold shares, Chambers Brian disposed of 7,600 shares on Sep 19 at a per-share price of $80.80. This resulted in the Chair, President and CEO holding 183,384 shares of OC after the transaction. In another insider transaction, Smith Gunner sold 2,700 shares at $83.12 per share on Sep 15. Company shares held by the President, Roofing now total 24,460.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Owens Corning pays an annual dividend of $2.08, resulting in a dividend yield of 2.27%, and it has a price to earnings (P/E) ratio of 6.74. OC’s most recent ex-dividend date was 1/3/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 1/19/2023. Previously, the company paid the dividend on 11/3/2022 with an ex-dividend date of 10/14/2022. The OC stock dividend was $0.35 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OC in the last 3 months, the mean price target is $100.33 with high estimates of $141.00 and low estimates of $75.00. In terms of 52-week highs and lows, OC has a high of $101.12 and a low of $72.97.

As of this writing, OC has an earnings estimate of $2.42 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $2.59 per share and a lower estimate of $2.21. The company reported an EPS of $3.83 in the last quarter, which was 15.00% higher than expectations of $3.33.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OC is Underweight with a score of 3.29. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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