Mon Sep 23 22:28:49 UTC 2024: ## Owens Corning Insider Sells Shares, Stock Price Remains Steady

**New York, NY** – Owens Corning (NYSE:OC) insider Marcio A. Sandri sold 3,051 shares of the company’s stock on September 19th, according to a filing with the Securities and Exchange Commission (SEC). The shares were sold at an average price of $176.50, for a total transaction of $538,501.50. Following the transaction, Sandri now owns 57,079 shares in the company, valued at approximately $10,074,443.50.

Owens Corning’s stock traded up slightly on Monday, closing at $174.35, an increase of $0.15. The company’s recent earnings report, released on August 6th, showed strong results, with the construction company reporting $4.64 earnings per share (EPS) for the quarter, exceeding analysts’ estimates. Revenue for the quarter was $2.79 billion.

Despite the insider sale, investor interest in Owens Corning remains high. Several large investors have recently increased their stakes in the company, including Nordea Investment Management AB, Point72 Asset Management L.P., Pacer Advisors Inc., Panagora Asset Management Inc., and Swedbank AB.

Analysts are generally optimistic about Owens Corning’s future prospects. Several research firms have issued “buy” ratings on the stock, while others have maintained “hold” ratings. MarketBeat.com currently rates the company as a “Moderate Buy” with a consensus price target of $184.23.

Owens Corning manufactures and sells building and construction materials globally, operating in three segments: Roofing, Insulation, and Composites. The company has a market capitalization of $15.11 billion and a 52-week low of $109.95 and a 52-week high of $191.13.

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