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Stock Market & Financial Investment News

News Breaks
February 12, 2014
11:44 EDTLPX, OC, PPG, MASOwens Corning hits 52-week high after better than expected results
Shares of building materials maker Owens Corning (OC) are soaring after the company reported fourth quarter results that easily surpassed expectations. WHAT'S NEW: This morning, Owens Corning reported Q4 adjusted earnings per share of 44c and revenue of $1.28B, compared to expectations of 27c and $1.21B, respectively. WHAT'S NOTABLE: The company announced it will reinstate a quarterly dividend of 16c per share, and expects to deliver $500M in adjusted EBIT in 2014 based on its current outlook for an improving U.S. housing market and moderate global growth. The decision to declare a dividend conveys the confidence of the board of directors in the company's long-term financial outlook and cash flow generation, the company stated. ANALYST REACTION: Following the report, research firm Wedbush reiterated an Outperform rating and 12-month price target of $44 on the shares. Wedbush reaffirmed its positive stance on Owens Corning due to the company's strong earnings performance, the reinstatement of a dividend, and the more than 20% growth in EBIT expected for 2014. PRICE ACTION: In late morning trading, Owens Corning soared $5.23, or 13.2%, to $44.97 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.62. Despite today's strong move, the stock has gained only about 3% over the past twelve months. OTHERS TO WATCH: Others in the building materials space include Masco Corporation (MAS), PPG Industries (PPG), and Louisiana-Pacific (LPX).
News For OC;MAS;PPG;LPX From The Last 14 Days
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July 30, 2015
08:32 EDTMASMasco announces plan to relocate headquarters
Masco Corporation announced today its plan to relocate its corporate headquarters to Livonia, Mich., by the end of 2016. The plan will take employees from its current headquarters, located in Taylor, Mich., into a new, 75,000-square-foot, state-of-the-art facility located at West Seven Mile Road and Haggerty Road, adjacent to Schoolcraft College.
July 28, 2015
16:53 EDTMASOn The Fly: Top stock stories for Tuesday
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14:21 EDTOC, MASMasco spikes higher after quarterly results and analyst upgrade
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11:58 EDTMASMasco upgraded to Buy from Neutral at SunTrust
Price target $31.
07:03 EDTMASMasco intends to raise annual dividend by 2c per share to 38c per share
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07:02 EDTMASMasco reports Q2 adjusted EPS 38c, consensus 36c
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July 23, 2015
10:00 EDTOCOn The Fly: Analyst Upgrade Summary
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07:32 EDTOCOwens Corning rally a selling opportunity, says Citi
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07:25 EDTOCOwens Corning upgraded on results, valuation at Stifel
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06:38 EDTOCOwens Corning upgraded to Buy from Hold at Stifel
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July 22, 2015
14:37 EDTMAS, OCHome improvement stocks rally after Owens Corning results, home sales data
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13:23 EDTOCOwens Corning upgraded to Outperform from Market Perform at FBR Capital
10:10 EDTMASHigh option volume stocks
High option volume stocks: HNT THOR QRVO CYTR CBRL MAS CHKP TUP NXPI VEDL
09:32 EDTOCOwens Corning outlook to temper share upside, says JPMorgan
JPMorgan analyst Michael Rehaut expects Owens Corning's full year EBIT guidance to limit the upside in shares following the better than expected Q2 earnings report. The outlook implies an earnings midpoint that is roughly in-line with the consensus, which suggests a second half of 2015 performance that is modestly below current expectations, JPMorgan tells investors. It keeps a Neutral rating on the stock.
09:07 EDTOCOn The Fly: Pre-market Movers
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07:32 EDTOCOwens Corning sees FY15 EBIT $460M-$500M
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07:30 EDTOCOwens Corning reports Q2 adjusted EPS 79c, consensus 54c
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July 21, 2015
15:02 EDTOCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.

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