Owens Corning(NYSE:OC) Declares Dividend of $0.1800.

Owens Corning (NYSE:OC) had declared a cash dividend of $0.1800 on Sep 16, 2016. The shares will quote ex-dividend on Oct 13, 2016 and the record date has been fixed for Oct 17, 2016. On Sep 16, 2016 share price, the yield comes out to be 1.3997%. The dividend payable date has been fixed on Nov 2, 2016.

In a different note, Credit Suisse said it Initiates Coverage on Owens Corning, according to a research note issued on Aug 11, 2016. The shares have been rated ‘Underperform’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on Owens Corning. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 29, 2016, FBR Capital said it Maintains its rating on Owens Corning. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Owens Corning. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Stifel Nicolaus said it Maintains its rating on Owens Corning. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 12, 2016, Goldman Sachs said it Upgrades its rating on Owens Corning. In the research note, the firm Raises the price-target to $51.00 per share. The shares have been rated ‘Neutral’ by the firm.

Owens Corning (OC) made into the market gainers list on Thursdays trading session with the shares advancing 0.97% or 0.5 points. Due to strong positive momentum, the stock ended at $52.23, which is also near the day’s high of $52.27. The stock began the session at $52 and the volume stood at 8,85,340 shares. The 52-week high of the shares is $58.69 and the 52 week low is $38.95. The company has a current market capitalization of $5,993 M and it has 11,47,50,338 shares in outstanding.

Owens Corning(OC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.54B. Analysts had an estimated revenue of $1.46B. Earnings per share were $1.29. Analysts had estimated an EPS of $0.85.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Arnaud Genis (Group Pres Composite Materials) sold 66,619 shares at $54.68 per share price.Also, On Aug 24, 2016, Kelly Schmidt (Vice President, Controller) sold 13,200 shares at $54.41 per share price.On Aug 9, 2016, Daniel T Smith (Sr. VP Organization & Adm.) sold 9,376 shares at $54.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Owens Corning is a holding company. The Company is engaged in composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation electronics marine infrastructure wind energy and other markets to insulation and roofing for residential commercial and industrial applications. The Company operates under three segments: Composites Insulation and Roofing. The Composites segment is comprised of the Company’s Reinforcements and Downstream businesses. Insulation segment includes products such as thermal and acoustical batts loosefill insulation foam sheathing and accessories. The Roofing segment includes products such as laminate and strip asphalt roofing shingles. The Company’s subsidiaries are Owens Corning Sales LLC and Owens Corning Receivables LLC.

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