6,700 Shares in Owens Corning (NYSE:OC) Acquired by Polianta Ltd

Polianta Ltd purchased a new stake in Owens Corning (NYSE:OCFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,700 shares of the construction company’s stock, valued at approximately $993,000.

Several other large investors have also recently modified their holdings of OC. Vanguard Personalized Indexing Management LLC increased its position in Owens Corning by 97.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,798 shares of the construction company’s stock valued at $3,110,000 after purchasing an additional 11,241 shares during the period. New York Life Investment Management LLC raised its stake in Owens Corning by 101.7% during the third quarter. New York Life Investment Management LLC now owns 9,969 shares of the construction company’s stock worth $1,360,000 after buying an additional 5,026 shares during the last quarter. Cambria Investment Management L.P. raised its stake in Owens Corning by 7.5% during the third quarter. Cambria Investment Management L.P. now owns 84,448 shares of the construction company’s stock worth $11,520,000 after buying an additional 5,877 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Owens Corning by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 41,121 shares of the construction company’s stock valued at $5,366,000 after buying an additional 340 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Owens Corning during the 3rd quarter worth about $1,186,000. Institutional investors own 90.22% of the company’s stock.

Owens Corning Stock Performance

Owens Corning stock traded up $2.26 during trading on Friday, hitting $159.79. The stock had a trading volume of 1,603,182 shares, compared to its average volume of 715,230. The stock’s 50 day moving average is $150.70 and its two-hundred day moving average is $140.59. Owens Corning has a 1 year low of $89.00 and a 1 year high of $163.44. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.50.

Owens Corning (NYSE:OCGet Free Report) last posted its earnings results on Wednesday, February 14th. The construction company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.39. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Owens Corning had a net margin of 12.36% and a return on equity of 25.88%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $2.49 earnings per share. As a group, analysts predict that Owens Corning will post 14.08 EPS for the current year.

Owens Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Monday, March 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, March 1st. Owens Corning’s payout ratio is presently 18.29%.

Insider Transactions at Owens Corning

In other Owens Corning news, CEO Brian Chambers sold 9,100 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $153.57, for a total value of $1,397,487.00. Following the sale, the chief executive officer now directly owns 269,696 shares in the company, valued at approximately $41,417,214.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Paula Russell sold 3,765 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $162.00, for a total transaction of $609,930.00. Following the sale, the executive vice president now owns 20,419 shares in the company, valued at approximately $3,307,878. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Chambers sold 9,100 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $153.57, for a total transaction of $1,397,487.00. Following the completion of the transaction, the chief executive officer now owns 269,696 shares of the company’s stock, valued at $41,417,214.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,672 shares of company stock valued at $3,325,799. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on OC shares. Evercore ISI downgraded shares of Owens Corning from an “outperform” rating to an “in-line” rating and dropped their target price for the company from $163.00 to $154.00 in a research report on Thursday, February 15th. Barclays cut shares of Owens Corning from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $170.00 to $160.00 in a research report on Monday, February 12th. The Goldman Sachs Group boosted their target price on Owens Corning from $130.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, December 14th. UBS Group cut their price target on Owens Corning from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Owens Corning from a “hold” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $180.00 in a report on Friday, December 8th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Owens Corning has a consensus rating of “Moderate Buy” and a consensus target price of $157.43.

Check Out Our Latest Stock Report on Owens Corning

Owens Corning Company Profile

(Free Report)

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.

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Institutional Ownership by Quarter for Owens Corning (NYSE:OC)

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