Is Owens Corning (NYSE: OC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

OC belongs to the Industrials sector of the NYSE while operating in the Building Products & Equipment industry. The current market capitalization of Owens Corning is $15.18B. A total of 0.81 million shares were traded on the day, compared to an average of 640.74K shares.

In the most recent transaction, Fister Todd W sold 3,000 shares of OC for 173.65 per share on Jun 27 ’24. After the transaction, the EVP & Chief Financial Officer now owns 31,626 company shares. In a previous transaction on Jun 13 ’24, Fister Todd W sold 3,000 shares at 180.85 per share. OC shares that EVP & Chief Financial Officer owns now total 34,626.

Among the insiders who sold shares, Doerfler Mari disposed of 240 shares on Jun 12 ’24 at a per-share price of $182.05. This resulted in the Vice President and Controller holding 4,954 shares of OC after the transaction. In another insider transaction, Sandri Marcio A sold 9,697 shares at $178.00 per share on May 24 ’24. Company shares held by the President, Composites now total 62,895.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Owens Corning pays an annual dividend of $2.24, resulting in a dividend yield of 1.28%, and it has a price to earnings (P/E) ratio of 14.18. OC’s most recent ex-dividend date was 7/15/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 8/2/2024. Previously, the company paid the dividend on 4/4/2024 with an ex-dividend date of 3/1/2024. The OC stock dividend was $0.60 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, OC has a high of $184.00 and a low of $109.95.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. OC’s latest balance sheet shows that the firm has $959.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.12B in debt and $1.70B in liabilities at the time. Its Book Value Per Share was $60.31, while its Total Shareholder’s Equity was $4.33B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OC is Buy with a score of 3.79.

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