On November 13, 2024, W Morris, Director at Owens-Corning Inc (OC, Financial), sold 221 shares of the company. The transaction was filed on the same day as per the SEC Filing. Following this transaction, the insider now owns 41,579.978 shares of Owens-Corning Inc.
Owens-Corning Inc is a leading global producer of insulation, roofing, and fiberglass composites. The company's products are used in a variety of residential, commercial, and industrial applications to improve energy efficiency and enhance comfort.
Over the past year, W Morris has engaged in multiple transactions involving the company's stock, selling a total of 1,041 shares and making no purchases. 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.
Shares of Owens-Corning Inc were trading at $196.79 on the day of the transaction. The company currently holds a market cap of approximately $16.75 billion. The price-earnings ratio of the stock stands at 16.62, which is above both the industry median and the company's historical median.
The stock's valuation, according to the GF Value, is set at $141.31, indicating that with a current price of $196.79, Owens-Corning Inc is significantly overvalued. The price-to-GF-Value ratio is 1.39.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sell event and the valuation metrics provide investors with updated data points to consider in their analysis of Owens-Corning Inc's stock performance and market position.
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.
