Increase Your Position or Hold? A Deeper Look at Owens Corning (OC) Stock

Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Owens Corning (OC) was $50.68. Currently, the 1st Resistance Point for this stock is $51.33, with a 2nd Resistance Point sitting at $51.98. Meanwhile, this company’s stock has a 1st Support Level at $50.04 and a 2nd Support Level at $49.40. Owens Corning (OC) stock has lost -$3.60, or -6.63%, in the past five days. In the last full month, these shares have gained $5.35, or 11.80%. In the past three months, this stock’s price has risen by $2.37, or 4.91%. This year-to-date, Owens Corning (OC) shares have gained $6.70, or 15.23%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Owens Corning (OC) stock, 40% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 25% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 67% of long-term indicators suggest that this stock is a “ Buy .”

With 108,570 K shares outstanding, this company currently has a market capitalization of $5,502,327K. Owens Corning (OC) generates $7,057 M in annual sales, amounting to annual net income of $545,000 K. This stock has generated a 1-Year Total Return of -24.12%, a 3-Year Total Return of 10.01%, and a 5-year Total Return of 21.94%. This stock’s 5-Year Dividend Growth is 0.00%, with its most recent dividend valued at $0.220 per share on 03/07/19. Its Annual Dividend Yield is 1.74%, and its Annual Dividend Rate is 0.88.

In the most recently-reported fiscal quarter, which ended in Mar-19, Owens Corning (OC) reported earnings of $0.54 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.56 per share, representing a -0.02 difference and 3.36% surprise. In the previous quarter ending in Dec-18, the reported earnings of $1.38 represented a 0.12 difference from the consensus estimate calling for $1.26 per share, which was a 9.71% surprise.

For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $1.19 per share. This estimate came from a total of 9 Wall Street Analysts. Of those market experts, the high estimate was $1.41 and the low estimate was $1.07. In the year-ago quarter, Owens Corning (OC) generated per-share earnings of $1.17. If the analysts are correct about the current quarter’s earnings, the growth will be +1.71% .

Turning our focus now to insider trading activity, there have been 41 purchases (379,830 shares in total) and 39 sale (167,016 shares in total) in the last 3 months. In the last 6 months, there have been 70 insider buys amounting to 387,910 shares and 39 insider sales amounting to 167,016 shares. In the past full year, 107 insider purchases were made (involving 460,241 shares) and 42 insider sell-offs equivalent to 172,004 shares.

Moving onto liquidity, Owens Corning (OC) has a Current Ratio of 1.58, a Quick Ratio of 0.74 and a Cash Ratio of 0.07. Looking at this company’s capital structure, its Total Debt to Total Equity is 79.08, its Total Debt to Total Capital is 44.16, and its Total Debt to Total Assets is now 34.66. Looking even further ahead into the future, its Long-Term Debt to Equity is 78.50 and its Long-Term Debt to Total Capital is 43.83.