Economy

Q2 Sentiment Owens Corning (NYSE:OC)

Following the completion of the sale, the chief financial officer now directly owns 40,903 shares of the company's stock, valued at approximately $3,129,897.56. The stock decreased 0.14% or $0.11 on September 22, reaching $75.77.

Thaman unloaded 130,700 stocks of the firms shares in a trade dated Thurs, Sep 14th. It has underperformed by 2.66% the S&P500. This technical setup was reported by Barchart.com. If the $80.26 PT is reached, the company will be worth $425.00M more.

About 12,035 shares traded.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, July 26th. It has outperformed by 6.37% the S&P500.

ETRADE Capital Management added additional shares of Owens Corning (NYSE:OC) by 8.1% in the 2nd period, based on the latest 13F form document with the SEC. The construction business posted $1.20 EPS for the period, beating analysts' average forecasts of $1.08 by $0.12. the company reported sales of $1.60 B for the period end, compared with brokerage expectations of $1.48 B. Owens Corning had a ROE of 11.12% and a net profit margin of 6.61%. It dropped, as 13 investors sold BlackRock Enhanced Dividend Achievers Tr shares while 26 reduced holdings. 70 funds opened positions while 222 raised stakes. Private Advisor Limited stated it has 95,415 shares. World Asset Management Inc boosted its position in shares of Owens Corning by 1.1% in the 1st quarter. 32,798 were reported by First Merchants Corporation. Raymond James Fin Service Advsr accumulated 31,041 shares. Canada Pension Plan Invest Board has 76,309 shares. Monetary Mgmt Grp stated it has 0.02% in J M Smucker Co (NYSE:SJM). Geneva Advisors LLC increased its position in Owens Corning by 6.2% in the 2nd quarter. Opus Cap Gru Limited Liability Company has invested 0.04% in Owens Corning (NYSE:OC). Massachusetts-based Massachusetts Company Ma has invested 0.12% in Owens Corning (NYSE:OC). West Oak Cap Limited Liability Com holds 0% or 37 shares. BidaskClub upgraded Owens Corning from a "sell" rating to a "hold" rating in a research note on Friday, August 25th. Therefore 70% are positive. The firm has "Hold" rating by J.P. Morgan given on Thursday, August 24. Also, insider Brian Chambers sold 16,600 shares of the company's stock in a transaction that occurred on Friday, August 4th. The company was initiated on Tuesday, October 6 by Goldman Sachs. Scotia Capital maintained the shares of CP in report on Thursday, January 19 with "Outperform" rating. The firm has "Buy" rating by Jefferies given on Wednesday, December 16. The firm earned "Buy" rating on Monday, July 17 by Deutsche Bank. Credit Suisse Group initiated coverage on Owens Corning in a study analysis published on early Thur, Jun 22nd. The stock has a consensus rating of "Buy" and a consensus price target of $72.79. The firm has "Hold" rating by Barclays Capital given on Wednesday, June 28. Stifel Nicolaus reissued a "buy" rating and set a $83.00 target price on shares of Owens Corning in a research note on Friday, September 1st. Therefore 64% are positive. Owens Corning Inc has a one year low of $46.45 and a one year high of $76.84. The stock was sold at an average price of $67.18, for a total transaction of $1,115,188.00.

COPYRIGHT VIOLATION NOTICE: "Owens Corning Inc (OC) CFO Michael C. Mcmurray Sells 14,000 Shares" was originally reported by Week Herald and is the sole property of of Week Herald. Instinet downgraded Owens Corning from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $74.00 to $79.00 in a research report on Monday, September 11th. Barclays Capital maintained the stock with "Overweight" rating in Thursday, October 22 report. The rating was upgraded by Canaccord Genuity to "Buy" on Wednesday, July 22.

Owens Corning Inc (NYSE OC) opened at 75.575 on Tuesday. The company was downgraded on Thursday, October 22 by Suntrust Robinson. The firm earned "Mkt Perform" rating on Thursday, October 27 by FBR Capital. Gam Holdings Ag invested in 0.1% or 100,000 shares. Its down 0.17, from 1.11 in 2017Q1. It dived, as 27 investors sold Owens Corning shares while 126 reduced holdings. 102.55 million shares or 3.39% less from 106.14 million shares in 2017Q1 were reported. Over the recent three month period, executives unloaded 212,866 stocks of company shares worth at $15,644,970. company executives has an ownership of 1.80% of the firms stock. 7,278 were accumulated by Massmutual Tru Communications Fsb Adv. 908,059 are owned by Teacher Retirement Of Texas. D E Shaw And Inc reported 0.17% of its portfolio in Owens Corning (NYSE:OC). Laurion Capital Management LP raised its stake in Owens Corning by 1.8% during the 1st quarter. First Dallas has invested 0.25% in Owens Corning (NYSE:OC). Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Owens Corning in the 2nd quarter valued at about $228,000. More interesting news about Owens Corning (NYSE:OC) were released by: Realmoney.Thestreet.com and their article: "Owens Corning Rally Should Continue After This Pullback" published on September 11, 2017 as well as Seekingalpha.com's news article titled: "Owens Corning Is Still Fairly Priced" with publication date: September 18, 2017. Oregon Public Employees Retirement Fund reported 0.05% in Zoetis Inc (NYSE:ZTS). Bnp Paribas Arbitrage holds 312,522 shares.

Owens Corning is engaged in the business of composite and building materials systems, delivering a range of services and products. The stock has a market capitalization of $8.46 billion, a P/E ratio of 21.86 and a beta of 1.04. The Company's products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. It has a 21.9 P/E ratio. The Company's divisions include the United States and global. On average, equities analysts anticipate that Owens Corning Inc will post $4.30 EPS for the current year.



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