Owens Corning Inc New (NYSE:OC) traded today at a new 52-week high of $98.37. This new high was reached on below average trading volume as 175,000 shares traded hands, while the average 30-day volume is approximately 897,000 shares.
Owens Corning is a leading manufacturer of glass fiber utilized in composites and building materials. The Ohio-based company operates three reporting segments: composites, insulation, and roofing; each segment accounts for about one third of Owens Corning’s consolidated sales. The company’s end-market exposure breaks down as follows: 34% U.S. repair and remodel, 13% U.S. new residential construction, 19% U.S. commercial and industrial, and 34% international. Owens Corning emerged from asbestos-liability-related bankruptcy in 2006.
Over the past year, Owens Corning Inc New has traded in a range of $36.18 to $98.37 and is now at $97.18, 169% above that low.
Owens Corning Inc New (NYSE:OC) is currently priced 0.6% above its average consensus analyst price target of $96.64.
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