Owens Corning (OC) announced that its board of directors has approved a new share repurchase authorization for up to 12M shares of the company’s common stock. The action reaffirms the company’s capital allocation strategy and reflects the success of its disciplined commercial and operational execution to deliver consistent and sustainable performance in dynamic market conditions. This authorization is in addition to the previously announced share repurchase program in which approximately 5.7M shares remained available for repurchase as of March 31.
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Read More on OC:
- Owens Corning price target lowered to $150 from $165 at Truist
- Wolfe upgrades Owens Corning to Outperform on roofing strength
- Owens Corning upgraded to Outperform from Peer Perform at Wolfe Research
- Owens Corning price target lowered to $218 from $235 at UBS
- Owens Corning price target lowered to $184 from $199 at RBC Capital
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