Owens Corning Inc (NYSE:OC) Under Analyst Spotlight

Lloyd Doyle
October 21, 2017

Raymond James Trust N.A. now owns 5,122 shares of the company's stock valued at $264,000 after buying an additional 53 shares during the period.

Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. This represents a $0.72 annualized dividend and a yield of 1.42%. 397,638 shares of the company traded hands. Owens Corning's payout ratio is 20.17%. It has outperformed by 6.37% the S&P500. The firm owned 204,545 shares of the construction company's stock after selling 30,421 shares during the quarter. The company's quarterly EPS surprised Wall Street by as much as 11% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.32 billion. Teacher Retirement Of Texas holds 0.42% or 908,059 shares. About 80 shares traded. Proofpoint Inc (NASDAQ:PFPT) has risen 52.24% since October 20, 2016 and is uptrending. It has underperformed by 0.75% the S&P500.

Since June 14, 2017, it had 0 insider buys, and 2 sales for $1.54 million activity. Insiders sold a total of 212,866 shares of company stock worth $15,644,970 over the last quarter. Shareholders of record on Monday, October 17th were paid a dividend of $0.18 per share. Its down 0.17, from 1.11 in 2017Q1. It fall, as 27 investors sold OC shares while 126 reduced holdings.

Several other hedge funds and other institutional investors have also made changes to their positions in OC. 102.55 million shares or 3.39% less from 106.14 million shares in 2017Q1 were reported. 9,627 are owned by Cambridge Inc. Cibc Asset Inc reported 3,737 shares. Commerzbank Aktiengesellschaft Fi owns 3,506 shares.

Adage Ptnrs Limited Liability Corp accumulated 0.19% or 1.17 million shares. Moreover, Deutsche Bancorp Ag has 0.03% invested in Owens Corning (NYSE:OC). West Oak Ltd Llc holds 37 shares. Lee Danner & Bass Inc reported 0.12% stake. First Bank & Trust raised its holdings in shares of Owens Corning by 3.6% in the 2nd quarter. They now have a Dollars 70 price target on the stock. Following the completion of the transaction, the chairman now directly owns 847,992 shares of the company's stock, valued at $63,557,000.40. Summit Financial Wealth Advsr Limited Company holds 0.44% of its portfolio in Owens Corning (NYSE:OC) for 16,735 shares. Us Bankshares De invested 0% of its portfolio in Owens Corning (NYSE:OC).

Among 23 analysts covering Owens Corning (NYSE:OC), 14 have Buy rating, 1 Sell and 8 Hold. MKM Partners raised shares of Owens Corning from a "sell" rating to a "neutral" rating and raised their target price for the stock from $47.00 to $62.00 in a report on Thursday, July 27th.

Based on the latest brokerage notes which have been released to investors, 8 brokers have issued a rating of "strong buy", 7 brokers "buy", 7 brokers "neutral", 0 brokers "sell" and 1 brokers "strong sell". Therefore 61% are positive. Stifel Nicolaus reaffirmed a "buy" rating and issued a $83.00 price target on shares of Owens Corning in a research note on Friday, July 28th. On Tuesday, October 3 the stock rating was maintained by Jefferies with "Buy". $69.68's average target is -12.06% below currents $79.24 stock price.

In related news, insider Brian Chambers sold 16,600 shares of the company's stock in a transaction that occurred on Friday, August 4th. Jefferies maintained it with "Buy" rating and $7700 target in Wednesday, July 19 report. Penserra Capital Management LLC raised its holdings in shares of Owens Corning by 11.1% in the second quarter. The firm has "Neutral" rating by Macquarie Research given on Tuesday, June 20.

BlueCrest Capital Management Ltd trimmed its holdings in shares of Owens Corning Inc (NYSE:OC) by 22.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The rating was initiated by Barclays Capital with "Equal Weight" on Friday, January 6.

WARNING: "Credit Suisse Group Analysts Give Owens Corning Inc (OC) a $90.00 Price Target" was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. During the same quarter in the previous year, the company earned $1.29 EPS. OC's profit would be $140.09M giving it 15.72 P/E if the $1.26 EPS is correct. After having $1.20 EPS previously, Owens Corning's analysts see 5.00% EPS growth. The Jag Capital Management Llc holds 15,634 shares with $1.05 million value, down from 232,014 last quarter. It also upped Mercadolibre Inc (Prn) stake by 2.00 million shares and now owns 13.03M shares. Boothbay Fund Limited Liability holds 0.04% of its portfolio in Owens Corning (NYSE:OC) for 3,029 shares. Therefore 0 are positive. Proofpoint Inc had 70 analyst reports since July 24, 2015 according to SRatingsIntel. Finally, Schwab Charles Investment Management Inc. grew its stake in Owens Corning by 36.0% in the 1st quarter. (NYSE:NM) on Wednesday, August 26 to "Hold" rating. The firm has "Market Perform" rating given on Thursday, April 28 by FBR Capital. Jefferies maintained the stock with "Buy" rating in Tuesday, October 3 report. The firm has "Buy" rating by Needham given on Monday, September 11. The firm earned "Buy" rating on Monday, August 28 by RBC Capital Markets. (NASDAQ:SSNC) on Tuesday, September 27 to "Overweight" rating.

07/27/2017 - Owens Corning Inc had its "mkt perform" rating reiterated by analysts at FBR Capital Markets.

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