Owens Corning Inc (NYSE:OC) Receives "Buy" Rating from Stifel Nicolaus

19 Septembre, 2017, 17:13 | Author: Marc Bacque

With short interest at 3,633,734 and short average daily volume at 998,400, days to cover is 4.0 and the percentage of shorted shares was 0.03% on August 31. The total value of its holdings increased 468,650.0%. Also, Director James J. Mcmonagle unloaded 2,000 stocks of Owens Corning shares in a trade that took place on Thurs, Jun 15th.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.

As of the end of the quarter Next Financial Group, Inc had acquired 860 shares growing its holdings by 325.8%. Point72 Asset Management, L.p. claims 400,000 shares with a value of $26,768,000. Owens Corning reported sales of $1.52 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. BlackRock Inc. now owns 6,496,203 shares of the construction company's stock valued at $398,669,000 after purchasing an additional 6,338,177 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Owens Corning by 8.4% in the first quarter. Victory Capital Management Inc. increased its stake in Owens Corning by 7.9% in the first quarter. Cantab Capital Partners Llp owns 41,583 shares with a value of $2,783,000,000. Finally, State Street Corp increased its stake in Owens Corning by 0.4% in the first quarter. Following the completion of the sale, the insider now owns 39,957 shares of the company's stock, valued at approximately $2,684,311.26. Michael H. Thaman, Chairman, President and CEO sold $9,805,114 worth of shares at a price of $75.02 on Thursday the 14th. The shares were sold at an average price of $70.35, for a total value of $102,851.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The shares were sold at an average price of $67.18, for a total transaction of $1,115,188.00. Insiders own 1.80% of the company's stock. 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.

Several equities analysts recently issued reports on OC shares. Stifel Nicolaus restated a "buy" rating and set a $83.00 price objective on shares of Owens Corning in a research note on Friday, July 28th. Zacks Investment Research cut Owens Corning from a "buy" rating to a "hold" rating in a report on Saturday, November 26th. They issued an "equal weight" rating and a $54.00 price objective on the stock. BidaskClub raised shares of Owens Corning from a "sell" rating to a "hold" rating in a research report on Friday, August 25th. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. Owens Corning has a consensus rating of "Buy" and a consensus target price of $72.10.

TRADEMARK VIOLATION WARNING: This story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. The correct version of this story can be accessed at https://stocknewstimes.com/2017/09/18/owens-corning-inc-oc-stake-decreased-by-ajo-lp.html.

Un enfant de deux ans meurt étouffé par un babybel — Belgique
Faits diversCe sont nos confrères du Nieuwsblad qui révèle ce terrible fait divers qui remonte au 2 septembre dernier. En Belgique , avant leur garçon, deux autres enfants avaient déjà succombé étouffés par un Babybel .

Open Text Corporation (NASDAQ:OTEX) Sees Significantly Higher Trading Volume
BidaskClub upgraded Open Text Corporation from a "sell" rating to a "hold" rating in a research report on Thursday, July 13th. Disciplined Growth Investors Inc bought 81,646 shares as the company's stock declined 3.85% while stock markets rallied.

Le format FLAC est désormais supporté par l'iPhone
Quoi qu'il en soit, ne vous attendez pas à ce que Apple affiche une musique FLAC sur son Apple Music ou iTunes Store. En tout état de cause, pour le moment les lecteurs musicaux d'Apple ne lisent pas les fichiers FLAC nativement.

Macquarie Research bumped up the target of Owens Corning (NYSE:OC) to $68.00 stating a potential upside of 0.03%. Overall, volume was down 52.73% under the stocks normal daily volume.

The stock is trading at $75.50 just a bit higher than $70.31, the 50 day moving average and quite a bit higher than the 200 day moving average of $64.69. Owens Corning Inc has a 1-year low of $46.45 and a 1-year high of $76.84.

The company's P/E ratio is 21.68 and the market cap is 8.39B.

Owens Corning (NYSE:OC) opened at 75.50 on Monday. The dividend was $0.200 per share for the quarter or $0.80 annualized. Owens Corning had a return on equity of 10.75% and a net margin of 6.92%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. The firm's quarterly revenue was up 6.6% on a year-over-year basis. In the latest earnings report the EPS was $3.48 and is estimated to be $4.30 for the current year with 111,193,000 shares outstanding.

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


  • Hazard points to key factor in Chelsea turnaround

    Kenedy has not played since being sent home from Chelsea's pre-season tour of China following offensive social media posts. Chelsea have been cautious with Hazard but Conte said was for the best given the manager's own experience with injuries.
    Finale de la Coupe Davis

    Finale de la Coupe Davis

    Comme face aux Serbes, la rencontre se déroulera en configuration Arena Tennis (27 000 places) avec le toit fermé. On attendait la U Arena de Nanterre, nouvelle "maison " du Racing 92.
    Samsung might use 1000 fps camera sensor for Galaxy S9

    Samsung might use 1000 fps camera sensor for Galaxy S9

    If you're after more data, Vodafone is offering 16GB and 32GB for £60 and £66 a month, respectively, with a £50 upfront cost. The phone, Galaxy Note 8 was first announced in NY last month that is quite similar to its siblings, i.e.
  • Monster Hunter World to launch on all platforms on Jan 26 2018

    Monster Hunter World to launch on all platforms on Jan 26 2018

    A collector's edition, as well as a digital deluxe edition of the game were revealed for PS4, with pre-orders opening tomorrow. A limited edition Monster Hunter PS4 console was also unveiled, although it's unclear if this will see a western launch.
    Canterbury-Bankstown Bulldogs begin search for new coach

    Canterbury-Bankstown Bulldogs begin search for new coach

    Canberra assistant coach Dean Pay has emerged as the front runner to take charge at Belmore in place of the recently sacked Des Hasler, according to The Canberra Times .

    Scorpio Tankers Inc. (NYSE:STNG) Experiences Heavier than Usual Trading Volume

    Hedge funds and other institutional investors have recently made changes to their positions in the company. Tricadia Capital Management LLC increased its stake in Scorpio Tankers by 5.3% during the 2nd quarter.
  • Vaping makes youth more likely to think about smoking

    Vaping makes youth more likely to think about smoking

    In Ontario, the Electronic Cigarettes Act came into place on January 1, 2016 and prohibits the sale of e-cigarettes to anyone under 19 years of age.
    Estrada, Donaldson power Toronto to victory — Blue Jays notebook

    Estrada, Donaldson power Toronto to victory — Blue Jays notebook

    The 31-year-old also hit one out of the park on Friday night, giving him three home runs in the past two games at Target Field. Despite consecutive losses to Toronto this weekend, Minnesota is 11-4 over its last 15 home contests following a 14-24 start.

    Equifax, Inc. (EFX) PT Raised to $155.00

    The transaction related to this sale was declared in a document with the SEC which is available at this hyperlink . (NYSE: EFX ). On average, equities research analysts anticipate that Equifax will post $6.06 earnings per share for the current fiscal year.
  • US Futures Point to Fresh Record Highs at Start of Fed Week

    US Futures Point to Fresh Record Highs at Start of Fed Week

    Microsoft shares ended down 0.2% while Alphabet was off 0.6%, with both stocks seeing a pickup in volume late in the day. U.S. crude futures rose 2 cents to settle at US$49.91, while Brent crude futures fell 14 cents to US$55.48.
    Don't take Bangladesh for granted, Gibson warns Proteas

    Don't take Bangladesh for granted, Gibson warns Proteas

    Ottis Gibson says that South Africa is blessed with a huge amount of cricketing ability and is something he needs to tap into as the new head coach.

    BASF to acquire Solvay's global polyamide business

    The deal will give BASF critical mass in its downstream polyamides business, Peter Spengler at DZ Bank said. The business would be integrated into BASF's Performance Materials and Monomers divisions.


Gionee launches X1s with 4000mAh battery for Rs 12999
Furthermore, the company has also partnered with PayTM Mall and will be giving away two cashback vouchers worth Rs 250 each. The Gionee X1s will be available across all major retail stores across the country from 21 September onward for Rs 12,999.

Mystery Runner Won't Stop Publicly Pooping Around Colorado Town
The woman has been leaving No. 2s for almost two months now, according to The Gazette in Colorado Springs . Cathy Budde says her children caught the woman mid-squat with her trousers down. "Not the case", she said.

Un père violait sa fille au parloir de la prison — Somme
Devant les enquêteurs, la quadragénaire a avoué avoir eu des relations sexuelles avec son conjoint devant leurs enfants. Un homme de 52 ans et son épouse de 47 ans sont accusés de viols sur quatre de leurs enfants.

Ariel Winter's New Signature Look Involves a Lot of Latex
But Ariel Winter's latest latex outfit has us totally reconsidering rubber, because she makes it look surprisingly wearable. Ariel walked the carpet with her boyfriend Levi Meaden , who looked smart in a pretty standard black suit.

Berkshire Hathaway (BRK-B) Receiving Somewhat Critical News Coverage, Study Shows
Berkshire Hathaway Inc . (BRK-B)'s Bullish picture have been built after taking the consideration of last five trading activity. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

North Korea: UN trying to 'exterminate' us
Despite all set of sanctions imposed by the United Nations against North Korea. The North Korean won's exchange rate also reportedly remains stable.

Lukaku scores and Manchester United ruin Rooney's Old Trafford return
However, the length of time it takes to solve these conundrums will dictate how much damage they have on Everton's season. Everton's next league game is at home to Bournemouth , one spot below them in 19th, on Saturday.

Le procès du cardinal Barbarin fixé au 4 avril — Affaire Preynat
L'audience de consignation aura lieu le mardi 19 septembre 2017 à 14 heures au Tribunal correctionnel de Lyon. Le Cardinal et les 6 autres personnes mises en cause ne devraient donc pas être présents .

Amazon Puts 'Hands-Free' Alexa Voice Assistant on Its New Tablet
It features dual stereo speakers powered by Dolby that provide 360-degree sound and offers up to nine hours of playback. Amazon's latest Fire HD 10 isn't particularly inviting from the outside.

Focusing the Lens on Marriott Vacations Worldwide Corp (VAC) Shares
One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.56 earnings per share for the current year.