Shares of Owens Corning (NYSE:OC) hit a new 52-week high during trading on Tuesday . The company traded as high as $64.81 and last traded at $63.48, with a volume of 70798 shares trading hands. The stock had previously closed at $63.43.

OC has been the subject of a number of recent analyst reports. Seaport Global Securities raised Owens Corning from a “sell” rating to a “neutral” rating in a research note on Thursday, June 27th. SunTrust Banks upped their price target on Owens Corning to $58.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Buckingham Research raised Owens Corning from a “neutral” rating to a “buy” rating in a research note on Tuesday. BNP Paribas initiated coverage on Owens Corning in a research note on Wednesday, October 9th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada upped their price target on Owens Corning to $65.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Owens Corning presently has an average rating of “Hold” and an average price target of $56.77.

The business has a 50 day moving average of $60.39 and a 200-day moving average of $55.03. The company has a current ratio of 1.69, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6.85 billion, a P/E ratio of 12.80, a PEG ratio of 1.64 and a beta of 1.24.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, July 24th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.18. Owens Corning had a return on equity of 12.18% and a net margin of 7.21%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business earned $1.17 EPS. Owens Corning’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Owens Corning will post 4.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.88 dividend on an annualized basis and a yield of 1.39%. Owens Corning’s payout ratio is 17.81%.

In other Owens Corning news, insider Michael H. Thaman sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $57.08, for a total transaction of $1,712,400.00. Following the completion of the transaction, the insider now owns 827,513 shares of the company’s stock, valued at approximately $47,234,442.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kelly Schmidt sold 1,589 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $60.53, for a total value of $96,182.17. Following the transaction, the vice president now directly owns 15,264 shares of the company’s stock, valued at approximately $923,929.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,362 shares of company stock valued at $2,402,018. 1.70% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its holdings in shares of Owens Corning by 3.2% in the 3rd quarter. Strs Ohio now owns 7,625 shares of the construction company’s stock valued at $481,000 after buying an additional 238 shares during the last quarter. Comerica Bank increased its position in Owens Corning by 5.6% during the 2nd quarter. Comerica Bank now owns 5,407 shares of the construction company’s stock worth $303,000 after buying an additional 289 shares during the period. ETRADE Capital Management LLC increased its position in Owens Corning by 5.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 5,759 shares of the construction company’s stock worth $335,000 after buying an additional 317 shares during the period. MBM Wealth Consultants LLC increased its position in Owens Corning by 4.2% during the 2nd quarter. MBM Wealth Consultants LLC now owns 7,994 shares of the construction company’s stock worth $465,000 after buying an additional 323 shares during the period. Finally, IFM Investors Pty Ltd increased its position in Owens Corning by 6.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 5,532 shares of the construction company’s stock worth $322,000 after buying an additional 350 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Owens Corning Company Profile (NYSE:OC)

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

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