Are Things Looking Up For Owens Corning (NYSE: OC)?

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.

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Stocks Info

The company is listed on the NYSE and operates within the Building Products & Equipment industry segment. The current market capitalization of Owens Corning is $14.17B. A total of 0.61 million shares were traded on the day, compared to an average of 685.96K 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 dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Owens Corning pays an annual dividend of $2.24, resulting in a dividend yield of 1.38%, and it has a price to earnings (P/E) ratio of 12.42. 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.

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. In terms of 52-week highs and lows, OC has a high of $173.65 and a low of $98.00.

As of this writing, OC has an earnings estimate of $Occidental Petroleum Corporatio per share for the current quarter. EPS was calculated based on a consensus of Citigroup, Inc. estimates, with a high estimate of $Ocugen, Inc. per share and a lower estimate of $Realty Income Corporation.

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. 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

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, 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 3.69.

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