Owens Corning (NYSE: OC) May Be Attracting Institutional Investments

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Owens Corning to Announce First-Quarter Financial Results on April 24.

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Stocks Info

This NYSE-listed company operates within the Building Products & Equipment industry segment, falling under the Industrials sector. The current market capitalization of Owens Corning is $15.02B. A total of 0.52 million shares were traded on the day, compared to an average of 686.96K shares.

In the most recent transaction, Mendez-Andino Jose sold 2,833 shares of OC for 156.72 per share on Mar 15 ’24. After the transaction, the EVP, Chief R&D Officer now owns 14,814 company shares. In a previous transaction on Mar 14 ’24, Russell Paula sold 3,765 shares at 162.00 per share. OC shares that EVP, Chief HR Officer owns now total 20,419.

Among the insiders who sold shares, Smith Gunner disposed of 7,442 shares on Feb 14 ’24 at a per-share price of $148.99. This resulted in the President, Roofing holding 36,140 shares of OC after the transaction. In another insider transaction, Smith Gunner sold 1,447 shares at $152.99 per share on Feb 06 ’24. Company shares held by the President, Roofing now total 36,140.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Owens Corning pays an annual dividend of $2.24, resulting in a dividend yield of 1.30%, and it has a price to earnings (P/E) ratio of 13.16. OC’s most recent ex-dividend date was 3/1/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 4/4/2024. Previously, the company paid the dividend on 1/19/2024 with an ex-dividend date of 1/5/2024. The OC stock dividend was $0.60 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, OC has a high of $173.11 and a low of $91.51.

As of this writing, OC has an earnings estimate of $3.05 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $3.17 per share and a lower estimate of $2.9. The company reported an EPS of $4.15 in the last quarter, which was 8.60% higher than expectations of $3.82.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OC’s latest balance sheet shows that the firm has $959.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.12B in debt and $1.70B in liabilities at the time. Its Book Value Per Share was $59.24, while its Total Shareholder’s Equity was $4.33B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.79.

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