Owens-Corning Inc (OC, Financial), a company specializing in insulation, roofing, and fiberglass composites, recently witnessed a significant transaction by one of its top executives. Marcio Sandri, President of Composites at Owens-Corning Inc, sold 3,051 shares of the company on September 19, 2024. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 57,078.65 shares of Owens-Corning Inc.
Over the past year, Marcio Sandri has sold a total of 21,909 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 17 insider sells and no insider buys over the past year.
On the day of the sale, shares of Owens-Corning Inc were priced at $176.5. This pricing gives the company a market cap of approximately $15.16 billion. The price-earnings ratio of the company stands at 14.76, which is slightly lower than the industry median of 15.355. This ratio is also higher than the company's historical median price-earnings ratio.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Owens-Corning Inc has a price-to-GF-Value ratio of 1.3, indicating that the stock is modestly overvalued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
Owens-Corning Inc continues to be a significant player in its industry, with its products widely used in various residential and commercial building applications. The company's financial health and stock market performance are closely monitored by investors and market analysts, making insider transactions like those of Marcio Sandri noteworthy events in the financial community.
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.
