Owens Corning (NYSE: OC) is 17.68% higher on its value in year-to-date trading and has touched a low of $138.70 and a high of $214.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OC stock was last observed hovering at around $183.21 in the last trading session, with the day’s loss setting it -8.77%.
Currently trading at $174.44, the stock is -11.86% and -8.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -4.79% at the moment leaves the stock -0.37% off its SMA200. OC registered 17.16% gain for a year compared to 6-month gain of -0.68%. The firm has a 50-day simple moving average (SMA 50) of $190.9412 and a 200-day simple moving average (SMA200) of $174.9559.
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The stock witnessed a -10.68% loss in the last 1 month and extending the period to 3 months gives it a -2.08%, and is -12.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.40% over the week and 2.50% over the month.
Owens Corning (OC) has around 18000 employees, a market worth around $14.96B and $10.44B in sales. Current P/E ratio is 14.84 and Fwd P/E is 10.62. Profit margin for the company is 9.92%. Distance from 52-week low is 25.77% and -18.69% from its 52-week high. The company has generated returns on investments over the last 12 months (9.37%).
The EPS is expected to grow by 7.43% this year
1067.0 institutions hold shares in Owens Corning (OC), with institutional investors hold 97.86% of the company’s shares. The shares outstanding are 85.80M, and float is at 84.93M with Short Float at 1.74%. Institutions hold 96.96% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.79 million shares valued at $1.7 billion. The investor’s holdings represent 11.2175 of the OC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.86 million shares valued at $1.54 billion to account for 10.1476 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.99 million shares representing 4.5755 and valued at over $693.91 million, while DAVIS SELECTED ADVISERS holds 2.6068 of the shares totaling 2.28 million with a market value of $395.34 million.
Owens Corning (OC) Insider Activity
The most recent transaction is an insider sale by Smith Gunner, the company’s President, Roofing. SEC filings show that Smith Gunner sold 17,450 shares of the company’s common stock on Dec 13 ’24 at a price of $191.19 per share for a total of $3.34 million. Following the sale, the insider now owns 18866.0 shares.
Still, SEC filings show that on Nov 19 ’24, Mendez-Andino Jose (EVP, Chief R&D Officer) disposed off 2,593 shares at an average price of $193.48 for $0.5 million. The insider now directly holds 12,304 shares of Owens Corning (OC).
