Owens Corning (NYSE:OC) Shares Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of Owens Corning (NYSE:OC). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Owens Corning stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
• Sold $1,001 – $15,000 in shares of Corteva (NYSE:CTVA) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Owens Corning Trading Down 0.7 %

Shares of OC opened at $193.99 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. Owens Corning has a 1-year low of $128.79 and a 1-year high of $199.54. The business’s 50-day moving average price is $179.12 and its 200 day moving average price is $174.55. The stock has a market capitalization of $16.64 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.20 and a beta of 1.41.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.33. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company earned $4.15 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. Analysts expect that Owens Corning will post 15.39 earnings per share for the current year.

Owens Corning Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 18th were paid a $0.60 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.24%. Owens Corning’s dividend payout ratio is currently 20.43%.

Insider Buying and Selling at Owens Corning

In related news, insider Marcio A. Sandri sold 3,050 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $170.00, for a total transaction of $518,500.00. Following the completion of the sale, the insider now directly owns 60,130 shares in the company, valued at $10,222,100. This represents a 4.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OC. The Goldman Sachs Group boosted their price objective on Owens Corning from $178.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Owens Corning from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. StockNews.com upgraded Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Evercore ISI upped their price target on Owens Corning from $189.00 to $196.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Benchmark reiterated a “hold” rating on shares of Owens Corning in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.62.

Hedge Funds Weigh In On Owens Corning

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in Owens Corning by 14.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,002 shares of the construction company’s stock worth $668,000 after buying an additional 519 shares during the period. Sei Investments Co. raised its stake in shares of Owens Corning by 42.1% in the first quarter. Sei Investments Co. now owns 94,182 shares of the construction company’s stock valued at $15,709,000 after buying an additional 27,888 shares during the period. Headlands Technologies LLC lifted its holdings in Owens Corning by 218.2% during the first quarter. Headlands Technologies LLC now owns 471 shares of the construction company’s stock valued at $79,000 after purchasing an additional 323 shares during the last quarter. US Bancorp DE raised its holdings in Owens Corning by 27.0% during the 1st quarter. US Bancorp DE now owns 5,921 shares of the construction company’s stock valued at $988,000 after acquiring an additional 1,259 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Owens Corning by 14.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 112,356 shares of the construction company’s stock valued at $18,741,000 after acquiring an additional 14,011 shares during the period. Institutional investors own 88.40% of the company’s stock.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

Owens Corning Company Profile

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.