Owens Corning Inc (NYSE:OC) is expected to pay $0.18 on Nov 2, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on Owens Corning Inc’s current price of $52.73, the dividend is 0.34%. This dividend’s record date is Oct 17, 2016 and the announcement date is Sep 16, 2016. The stock decreased 1.48% or $0.79 during the last trading session, hitting $52.73. Owens Corning (NYSE:OC) has risen 15.92% since March 9, 2016 and is uptrending. It has outperformed by 8.50% the S&P500.
Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The company has a market cap of $6.09 billion. 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. It has a 14.86 P/E ratio. The Firm operates in three divisions, namely, Composites, Insulation and Roofing.
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.40, from 1.31 in 2016Q1. The ratio is negative, as 38 funds sold all Owens Corning shares owned while 101 reduced positions. 40 funds bought stakes while 86 increased positions. They now own 109.52 million shares or 4.78% more from 104.52 million shares in 2016Q1.
Walleye Trading Limited Liability Corporation reported 31,948 shares or 0.01% of all its holdings. Raymond James has 122,908 shares for 0.02% of their US portfolio. Airain Ltd has invested 0.04% of its portfolio in Owens Corning (NYSE:OC). Blackrock Fund Advsr accumulated 0.02% or 1.55 million shares. Royal Savings Bank Of Canada has 603,064 shares for 0.02% of their US portfolio. Waterfront Capital Prns owns 145,000 shares or 1.19% of their US portfolio. Churchill Management Corp owns 67,031 shares or 0.23% of their US portfolio. Exane Derivatives last reported 1 shares in the company. Moreover, First Eagle Investment Mgmt Ltd Liability has 0.09% invested in Owens Corning (NYSE:OC) for 678,015 shares. Balyasny Asset Mngmt Llc owns 90,128 shares or 0.03% of their US portfolio. Legg Mason Asset Mngmt (Japan) Limited owns 18,300 shares or 1.01% of their US portfolio. Prudential has 0.01% invested in the company for 92,190 shares. Lee Danner And Bass holds 0.1% or 16,253 shares in its portfolio. Seven Eight Capital Ltd Liability Corporation holds 0.07% or 4,199 shares in its portfolio. Stifel Financial holds 82,854 shares or 0.02% of its portfolio.
Insider Transactions: Since July 29, 2016, the stock had 0 buys, and 10 sales for $16.01 million net activity. $21,600 worth of Owens Corning (NYSE:OC) was sold by SMITH DANIEL T on Friday, July 29. McMonagle James J also sold $938,110 worth of Owens Corning (NYSE:OC) on Monday, August 8. Another trade for 66,619 shares valued at $3.64 million was sold by Genis Arnaud. The insider McMurray Michael C. sold 21,975 shares worth $1.18M. THAMAN MICHAEL H sold 150,000 shares worth $7.98M. Shares for $213,000 were sold by MORRIS W HOWARD on Friday, July 29. On Tuesday, August 23 the insider Schmidt Kelly sold $718,212.
Owens Corning (NYSE:OC) Ratings Coverage
Out of 13 analysts covering Owens Corning (NYSE:OC), 5 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 38% are positive. Owens Corning has been the topic of 21 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Thursday, July 23, the company rating was upgraded by Stifel Nicolaus. The firm has “Outperform” rating by FBR Capital given on Wednesday, July 22. Longbow upgraded the stock to “Buy” rating in Thursday, January 21 report. The stock has “Neutral” rating given by Wedbush on Wednesday, July 6. The stock has “Sell” rating given by Goldman Sachs on Tuesday, October 6. The firm has “Underperform” rating by Credit Suisse given on Thursday, August 11. RBC Capital Markets maintained it with “Sector Perform” rating and $50 target price in Thursday, July 23 report. SunTrust downgraded the shares of OC in a report on Thursday, October 22 to “Neutral” rating. The stock of Owens Corning (NYSE:OC) earned “Overweight” rating by Barclays Capital on Thursday, October 22. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29.
More notable recent Owens Corning (NYSE:OC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: RPM International, Quaker Chemical and Owens Corning” on October 11, 2016, also Forbes.com with their article: “Owens Corning is Oversold” published on September 16, 2016, Businesswire.com published: “Owens Corning to Present Four Sessions at CAMX Show in Anaheim” on September 27, 2016. More interesting news about Owens Corning (NYSE:OC) were released by: Investorplace.com and their article: “3 Reasons Value Investors Will Love Owens Corning (OC)” published on October 04, 2016 as well as Toledoblade.com‘s news article titled: “Owens Corning has dividend of 18 cents” with publication date: September 17, 2016.
OC Company Profile
Owens Corning, incorporated on July 21, 2006, is a holding company, which is engaged in the business of composite and building materials systems. 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. The Firm operates in three divisions, namely, Composites, Insulation and Roofing.
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