Jefferies Group LLC reissued their buy rating on shares of Owens Corning Inc (NYSE:OC) in a research note released on Friday. Jefferies Group LLC currently has a $82.00 price target on the construction company’s stock.

OC has been the topic of several other reports. Stifel Nicolaus reissued a buy rating and issued a $83.00 price objective on shares of Owens Corning in a research note on Friday, September 1st. Nomura reissued a neutral rating and issued a $79.00 price objective on shares of Owens Corning in a research note on Monday, September 11th. Wells Fargo & Company raised shares of Owens Corning from a market perform rating to an outperform rating and boosted their price objective for the company from $68.00 to $83.00 in a research note on Wednesday, August 30th. SunTrust Banks, Inc. reissued a hold rating on shares of Owens Corning in a research note on Tuesday, September 12th. Finally, Barclays PLC boosted their price objective on shares of Owens Corning from $64.00 to $70.00 and gave the company an equal weight rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Owens Corning currently has a consensus rating of Buy and a consensus price target of $72.47.

Owens Corning (NYSE OC) traded up 0.76% during mid-day trading on Friday, reaching $79.25. 763,154 shares of the company traded hands. Owens Corning has a 52 week low of $46.45 and a 52 week high of $79.44. The stock’s 50 day moving average price is $74.33 and its 200 day moving average price is $66.43. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 22.77 and a beta of 1.05.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. Owens Corning’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts forecast that Owens Corning will post $4.32 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Owens Corning Inc (OC) Given “Buy” Rating at Jefferies Group LLC” was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/owens-corning-inc-oc-given-buy-rating-at-jefferies-group-llc/1616141.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Monday, October 16th will be paid a $0.20 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. Owens Corning’s payout ratio is 23.05%.

In other Owens Corning news, CFO Michael C. Mcmurray sold 14,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $76.52, for a total value of $1,071,280.00. Following the transaction, the chief financial officer now directly owns 40,903 shares in the company, valued at approximately $3,129,897.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kelly Schmidt sold 1,462 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $70.35, for a total transaction of $102,851.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 212,866 shares of company stock worth $15,644,970. 1.80% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. lifted its holdings in Owens Corning by 0.4% in the 2nd quarter. Raymond James Trust N.A. now owns 7,114 shares of the construction company’s stock valued at $476,000 after purchasing an additional 26 shares in the last quarter. Laurion Capital Management LP lifted its holdings in Owens Corning by 1.8% in the 1st quarter. Laurion Capital Management LP now owns 5,700 shares of the construction company’s stock valued at $350,000 after purchasing an additional 103 shares in the last quarter. First Bank & Trust lifted its holdings in Owens Corning by 3.6% in the 2nd quarter. First Bank & Trust now owns 3,024 shares of the construction company’s stock valued at $202,000 after purchasing an additional 104 shares in the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new position in Owens Corning in the 2nd quarter valued at about $228,000. Finally, Penserra Capital Management LLC lifted its holdings in Owens Corning by 11.1% in the 2nd quarter. Penserra Capital Management LLC now owns 2,964 shares of the construction company’s stock valued at $198,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 96.84% of the company’s stock.

Owens Corning Company Profile

Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. 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.

Analyst Recommendations for Owens Corning (NYSE:OC)

Receive News & Ratings for Owens Corning Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.