Owens Corning EVP sells shares worth over $600k By Investing.com

© Reuters.

Owens Corning (NYSE:), a company known for its building and industrial materials, recently saw a significant stock transaction by one of its top executives. EVP and Chief HR Officer, Paula Russell, sold 3,765 shares of the company’s stock on March 14, 2024, at a price of $162.0 per share. This transaction amounted to a total of $609,930.

The sale was made public through a filing with the Securities and Exchange Commission. Following the transaction, Russell still owns 20,419.142 shares of Owens Corning (NYSE:) stock, indicating continued investment in the company’s future.

Investors often monitor insider transactions as they can provide insights into the executive’s view of the company’s current valuation and future prospects. Paula Russell’s recent sale might be of particular interest to Owens Corning’s shareholders and potential investors as they assess the company’s performance and leadership’s confidence in its growth strategy.

Owens Corning has been a key player in the manufacturing sector, especially noted for its products in the abrasive, asbestos, and miscellaneous nonmetallic mineral products industry. The company’s headquarters is located at One Owens Corning Parkway, Toledo, Ohio, and it operates under Delaware’s state laws.

InvestingPro Insights

Owens Corning (NYSE:OC), the building and industrial materials heavyweight, is certainly making waves in the investment community with some notable recent activity. With a market capitalization of $13.9 billion, the company is a significant player in the industry. Investors tracking Owens Corning’s financials would be interested to know that the company has a Price/Earnings (P/E) ratio of 12.08, indicating how much investors are willing to pay for each dollar of earnings, which is a key metric in valuing a stock.

One of the standout InvestingPro Tips for Owens Corning is that management has been aggressively buying back shares, a sign that the company’s leaders believe the stock is undervalued and a potentially positive indicator for future stock performance. Furthermore, Owens Corning has raised its dividend for 5 consecutive years, showcasing its commitment to returning value to shareholders and the company’s financial health. Currently, the dividend yield stands at 1.52%, with a robust dividend growth of 15.38% over the last twelve months as of Q1 2023.

Additionally, the company has been trading near its 52-week high, with the price at 96.38% of this peak, reflecting strong investor confidence. With the next earnings date set for April 24, 2024, investors might be keen on the fact that 8 analysts have revised their earnings upwards for the upcoming period, suggesting potential positive surprises in the company’s financial results.

For those looking to delve deeper into Owens Corning’s financials and future prospects, there are more InvestingPro Tips available at https://www.investing.com/pro/OC. To take full advantage of these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With numerous additional tips listed in InvestingPro, investors can gain a comprehensive view of Owens Corning’s investment potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

The post Owens Corning EVP sells shares worth over $600k By Investing.com first appeared on Investorempires.com.

 

Over 25 Leading Bitcoin Companies Rally for Official Bitcoin Emoji | Investorempires.com

Read More | Today, more than 25 leading Bitcoin organizations joined forces under the banner of the ‘Bitcoin Deserves an Emoji’ movement. Spearheaded by Nexo, this global initiative is dedicated to securing an official Bitcoin emoji for digital keyboards everywhere, signaling a monumental step toward recognizing Bitcoin’s multifaceted role in society as a revolutionary technology, […]

Kirby McInerney LLP Reminds B. Riley Financial, Inc. (RILY) Investors of Class Action Filing and Encourages Investors to Contact the FirM | Investorempires.com

Read More | Article content NEW YORk, Feb. 02, 2024 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired B. Riley Financial, Inc. (“B. Riley” or the […]