<div id="readability-page-1"><p>Owens Corning (NYSE:OC - Get Free Report) reached a new 52-week low during trading on Wednesday after Barclays lowered their price target on the stock from $215.00 to $179.00. Barclays currently has an overweight rating on the stock. Owens Corning traded as low as $124.33 and last traded at $126.11, with a volume of 1012092 shares trading hands. The stock had previously closed at $129.78.</p><div><p><span></span><span>Get <strong>Owens Corning</strong> alerts:</span></p></div><ul><li>3 High-Potential Stocks Analysts Say Could Soar</li></ul><p>OC has been the subject of several other reports. Citigroup dropped their price objective on Owens Corning from $212.00 to $207.00 and set a &#34;buy&#34; rating for the company in a report on Monday, January 6th. Benchmark  reissued a &#34;hold&#34; rating on shares of Owens Corning in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Owens Corning in a research note on Tuesday, April 1st. They issued a &#34;buy&#34; rating and a $183.00 price objective on the stock. UBS Group cut their price target on Owens Corning from $245.00 to $235.00 and set a &#34;buy&#34; rating on the stock in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada  restated an &#34;outperform&#34; rating and set a $212.00 target price on shares of Owens Corning in a research report on Monday, March 17th. Five research analysts have rated the stock with a hold rating and nine have issued  a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $199.42.</p><p><b>Read Our Latest Stock Report on OC</b></p><h2>Insider Transactions at Owens Corning</h2><ul><li>MarketBeat Week in Review – 8/5 - 8/9</li></ul><p>In related news, insider Monaco Nicolas Del sold 1,750 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the completion of the sale, the insider now owns 11,635 shares in the company, valued at approximately $2,140,490.95. This trade represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own  0.82% of the company's stock. </p><h2>Institutional Investors Weigh In On Owens Corning</h2><p>A number of hedge funds have recently modified their holdings of OC. FPC Investment Advisory Inc. purchased a new stake in  Owens Corning during the fourth quarter valued at about $28,000.  Venturi Wealth Management LLC lifted its stake in shares of  Owens Corning by 55.8% during the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock valued at $30,000 after buying an additional 63 shares in the last quarter.  Global Trust Asset Management LLC purchased a new position in  Owens Corning in the 4th quarter valued at approximately $31,000.  Wilmington Savings Fund Society FSB raised its holdings in  Owens Corning by 193.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after acquiring an additional 122 shares during the period.  Finally, Whipplewood Advisors LLC purchased a new stake in shares of  Owens Corning during the fourth quarter worth $34,000. Institutional investors own  88.40% of the company's stock. </p><h2>Owens Corning Stock Down 2.8 %</h2><ul><li>Owens-Corning Stock: Good Value or Recession Red Flag?</li></ul><p>The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. The stock has a market capitalization of $10.79 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 1.88 and a beta of 1.39. The stock has a fifty day moving average price of $156.31 and a 200 day moving average price of $174.44. </p><p>Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.35. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The company's revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share.  On average, research analysts forecast that  Owens Corning will post 15.49 earnings per share for the current year. </p><h2>Owens Corning Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.19%. Owens Corning's dividend payout ratio (DPR) is currently 37.70%. </p><h2>Owens Corning Company Profile</h2> (Get Free Report)<p>Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Owens Corning</li><li>How to Calculate Return on Investment (ROI)</li><li>Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential</li><li>Airline Stocks - Top Airline Stocks to Buy Now</li><li>Qualcomm Breaks Down But RSI Signals It’s Severely Oversold</li><li>What is the S&amp;P/TSX Index?</li><li>Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Owens Corning Right Now?</h2><p>Before you consider Owens Corning, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Owens Corning wasn't on the list.</p><p>While Owens Corning currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Owens Corning (NYSE:OC) reached a new 12-month low of $124.33 after Barclays downgraded its price target from $215 to $179, despite maintaining an overweight rating. The stock last traded at $126.11, down 2.8%. Other analysts have also adjusted their price targets, with a consensus rating of "Moderate Buy" and an average target price of $199.42. The company recently reported earnings of $3.22 per share, exceeding estimates, and declared a quarterly dividend of $0.69 per share, payable on April 10th.</p>

Owens Corning (NYSE:OC) Sets New 12-Month Low on Analyst Downgrade