Owens Corning (NYSE: OC) started the day on Thursday, with a price decrease of -0.76% at $171.87, before settling in for the price of $173.18 at the close. Taking a more long-term approach, OC posted a 52-week range of $109.95-$184.00.
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The Industrials Sector giants’ yearly sales growth during the last 5-year period was 6.89%. Meanwhile, its Annual Earning per share during the time was 21.79%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.89%. This publicly-traded company’s shares outstanding now amounts to $87.20 million, simultaneously with a float of $85.78 million. The organization now has a market capitalization sitting at $14.89 billion. At the time of writing, stock’s 50-day Moving Average stood at $174.46, while the 200-day Moving Average is $151.52.
Owens Corning (OC) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Building Products & Equipment Industry. Owens Corning’s current insider ownership accounts for 1.02%, in contrast to 93.40% institutional ownership. According to the most recent insider trade that took place on Jun 13 ’24, this organization’s EVP & Chief Financial Officer sold 3,000 shares at the rate of 180.85, making the entire transaction reach 542,550 in total value, affecting insider ownership by 34,626. Preceding that transaction, on Jun 12 ’24, Company’s Vice President and Controller sold 240 for 182.05, making the whole transaction’s value amount to 43,692. This particular insider is now the holder of 4,954 in total.
Owens Corning (OC) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 3/31/2024, the organization reported 4.22 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at 3.23) by 0.99. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.97 per share during the current fiscal year.
Owens Corning’s EPS increase for this current 12-month fiscal period is 4.89% and is forecasted to reach 16.11 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.70% through the next 5 years, which can be compared against the 21.79% growth it accomplished over the previous five years trading on the market.
Owens Corning (NYSE: OC) Trading Performance Indicators
Let’s observe the current performance indicators for Owens Corning (OC). It’s Quick Ratio in the last reported quarter now stands at 1.22. The Stock has managed to achieve an average true range (ATR) of 4.63. Alongside those numbers, its PE Ratio stands at $13.92, and its Beta score is 1.41. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.54. Similarly, its price to free cash flow for trailing twelve months is now 10.74.
In the same vein, OC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 12.35, a figure that is expected to reach 4.28 in the next quarter, and analysts are predicting that it will be 16.11 at the market close of one year from today.
Technical Analysis of Owens Corning (OC)
If we take a close look at the recent performances of Owens Corning (NYSE: OC), its last 5-days Average volume was 0.93 million that shows progress from its year to date volume of 0.66 million. During the previous 9 days, stock’s Stochastic %D was recorded 21.25% While, its Average True Range was 4.72.
Raw Stochastic average of Owens Corning (OC) in the period of the previous 100 days is set at 73.22%, which indicates a major rise in contrast to 12.89% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 24.01% that was lower than 27.59% volatility it exhibited in the past 100-days period.
