This Is Too Hot For Owens Corning (NYSE: OC), Let’s Take A Closer Look

After Hours

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.

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Stocks Info

As a NYSE listed company, OC falls under the Industrials sector while operating within the Building Products & Equipment industry segment. The current market capitalization of Owens Corning is $15.13B. A total of 0.7 million shares were traded on the day, compared to an average of 754.54K 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Owens Corning pays an annual dividend of $2.24, resulting in a dividend yield of 1.28%, and it has a price to earnings (P/E) ratio of 14.14. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, OC has a high of $178.33 and a low of $103.65.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $60.31, 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 3.69.

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