The outlook and analysis of Owens Corning (OC)’s stock

As of right now, Owens Corning [OC] is trading at $77.08, climbing down -2.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OC shares have lost -7.81% over the last week, with a monthly amount drifted -11.25%, and not seem to be holding up well over a long-time horizon.

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On 15, September 2022, Owens Corning Declares Third-Quarter 2022 Dividend. In a post published today on Yahoo Finance, Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share. The dividend will be payable on November 3, 2022, to shareholders of record as of October 17, 2022.

From an analyst’s perspective:

Owens Corning [NYSE: OC] stock has seen the most recent analyst activity on August 18, 2022, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $103. Previously, BofA Securities downgraded its rating to Underperform on June 17, 2022, and dropped its price target to $80. On April 05, 2022, Credit Suisse initiated with a Neutral rating and assigned a price target of $105 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $85 on April 05, 2022. RBC Capital Mkts reiterated its recommendation of a Sector Perform and raised its price target to $105 on February 22, 2022. Wells Fargo reiterated a Equal Weight rating for this stock on February 17, 2022, and upped its price target to $105. In a note dated February 17, 2022, Truist reiterated an Buy rating on this stock and boosted its target price from $110 to $115.

Through the last year, Owens Corning’s stock price ranged from $72.97 to $101.12. Currently, Wall Street analysts expect the stock to reach $104.93 within the next 12 months. Owens Corning [NYSE: OC] shares were valued at $77.08 at the most recent close of the market. An investor can expect a potential return of 36.13% based on the average price forecast.

Analyzing the OC fundamentals

For Apple Inc, (OC), the latest quarter sales were 2.6 billion, which represents an 16.20% increase. Gross Margin for this corporation currently stands at +26.08% with Operating Margin at +16.12%, Pretax Margin comes in at +15.45%, and Net Margin reading is +11.71%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 76.35 points at the first support level, and at 75.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.33, and for the 2nd resistance point, it is at 79.58.

Owens Corning [OC] reported earnings per share of $3.83 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.33/share, meaning a difference of $0.5 and a surprise factor of 15.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $2.84 per share as compared to estimates of $2.43 per share, a difference of $0.41 representing a surprise of 16.90%.

Ratios To Look Out For

It is important to note that Owens Corning [NYSE:OC] has a current ratio of 1.90. Further, the Quick Ratio stands at 1.19, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 2.12 and the P/E (TTM) ratio is 6.85.

Transactions by insiders

Insider trading, which has resulted in 22 insider purchases of 5,939 shares and 2 insider sales of 4,028 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Chambers Brian, Chair, President and CEO, that happened on Sep 19 when 7600.0 shares were sold. President, Roofing, Smith Gunner completed a deal on Sep 15 to sell 2700.0 shares. Meanwhile, Director MORRIS W HOWARD sold 401.0 shares on Aug 29.