Owens Corning (OC): Facts to know about OC?

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Owens Corning (NYSE:OC) changes shares on Tuesday trading session, with a change of 0.04% or $0.02 shares. The trading starts at $56.23 and closed at $55.11 throughout the day. The trading session low price was $55.00 and day high was $56.23 on Tuesday, June 23. After the session, the Industrials sector daily volume shifted to 0.74 million while its average volume is 1.34M. In other hand, the OC market cap reached to $6.03B. While, its current target price is $55.13 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.82% and up 13.83% for month. Its quarterly performance was 55.25% above, while its half year performance is down -15.18%. OC yearly performance stood at positive 8.16% and fall -15.34% for year-to-date. Current recommendation for Owens Corning is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OC EPS (TTM) for 12-month is -5.14. EPS for this year is -24.80%, while for the next year its value is 3.69. It has an EPS of 14.00% up for past five years and for the next five years will be up 9.00%.

Let’s take a look on the analyst recommendations on OC for the current month and previous month. For the current month, 12 of 23 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 10 as Hold. As compared with the previous month ratings, 22 analysts participate in stock recommendation. Out of 22, 1 rated it sell, 12 rated it as Buy and 9 as Hold Ratings. On the other hand, target price ranges from $37.00-$75.00. Average target price for OC was reached at $54.25.

Blackrock Inc., Vanguard Group, Inc. (The) and Boston Partners are the top three holders in Owens Corning (OC) stock. On Mar 30, 2020, Blackrock Inc. has 11.56 million shares which valued 448.5 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 10.98 million shares which valued at 425.94 million. On Mar 30, 2020, Boston Partners has a total of 9.22 million shares which valued at 357.71 million. In the end, Boston Partners have 8.55% shares outstanding of Owens Corning (OC) on Mar 30, 2020. The insider ownership moved to 1.40%.

The company posted an EPS (TTM) of -5.14. According to the most recent quarter report on (Jun 2020), 21 analysts estimated an average EPS of 0.1, while 1.31 EPS posted a year ago period. Analyst Estimated EPS for OC published in the report was -0.24-0.52 during the same period. Comparing with last year, the average estimated EPS was 1.31 which is higher than 0.6 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OC fall -1.54% for period of 200 days. SMA for 50 days was 17.86% which is showing green signal, while SMA-20 was 0.05%. The moving average value for Owens Corning (OC) is 52.84 and 49.85 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in OC stock. On Jun 05, Sandri Marcio A, President, Composites, sold 10,000 trading shares at the cost of $59.81, which valued at 0.6 million. On Mar 09, Gandhi Prithvi, Interim CFO, bought 5,000 shares at the cost of $46.90, with total shares of 51,814. On Dec 13, Sandri Marcio A, President, Composites, sold 3,865 shares at the cost of 64.92. After this transaction, Sandri Marcio A total shares reached to 38,850 which valued at 0.25 million.