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Stock Market & Financial Investment News

News Breaks
February 12, 2014
11:44 EDTPPG, MAS, LPX, OCOwens 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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March 25, 2015
08:39 EDTLPXWeyerhaeuser and Louisiana-Pacific estimates cut at Longbow
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March 20, 2015
10:00 EDTOCOn The Fly: Analyst Upgrade Summary
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05:34 EDTOCOwens Corning upgraded to Overweight from Equal Weight at Barclays
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March 19, 2015
11:32 EDTMASMasco says post-spinoff name for services business to be TopBuild
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09:04 EDTPPGPPG Industries completes $40M expansion at Brazil facility
PPG Industries held a ceremony to mark the completion of a $40M, 65,000-square-foot plant for on-site resin production at its Sumaré, São Paulo, Brazil, coatings manufacturing facility. Resin produced at the facility will be used to manufacture PPG’s electrocoat products to meet demand from automotive original equipment manufacturers and industrial coatings customers in the region.
March 18, 2015
10:21 EDTMASHigh option volume stocks:
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