Marcio Sandri, President of Composites at Owens-Corning Inc (OC, Financial), executed a sale of 3,050 shares of the company on September 17, 2024, according to a recent SEC filing. The transaction occurred at a price of $170 per share, resulting in a total amount of $518,500. Following this transaction, the insider now directly owns 60,129.65 shares of Owens-Corning Inc.
Owens-Corning Inc is a global company that develops and produces insulation, roofing, and fiberglass composites. The company is known for its building and industrial materials, including glass fiber used to reinforce composite materials used in transportation, electronics, marine, infrastructure, wind-energy, and other high-performance markets.
Over the past year, Marcio Sandri has sold a total of 18,858 shares of the company and has not made any purchases. The insider transaction history for Owens-Corning Inc shows a trend with 16 insider sells and no insider buys over the same timeframe.
Shares of Owens-Corning Inc were trading at $170 on the day of the sale, giving the company a market cap of approximately $15.49 billion. The price-earnings ratio of the stock is 15.08, slightly below the industry median of 15.2.
The stock's valuation, according to the GF Value, is considered Significantly Overvalued with a price-to-GF-Value ratio of 1.25. The GF Value of $135.86 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale comes at a time when the stock price is significantly above its GF Value, suggesting that the insider might perceive the stock as currently being overvalued, leading to the decision to reduce their holding.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
