Quest Partners LLC Purchases New Holdings in Owens Corning (NYSE:OC)

Quest Partners LLC bought a new position in shares of Owens Corning (NYSE:OCFree Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,923 shares of the construction company’s stock, valued at approximately $582,000.

A number of other large investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new position in shares of Owens Corning during the 4th quarter valued at $1,791,000. Voss Capital LLC acquired a new stake in shares of Owens Corning in the fourth quarter worth $5,929,000. Louisiana State Employees Retirement System acquired a new stake in shares of Owens Corning in the fourth quarter worth $3,706,000. Qsemble Capital Management LP acquired a new stake in shares of Owens Corning in the fourth quarter worth $738,000. Finally, QRG Capital Management Inc. boosted its position in shares of Owens Corning by 3.4% in the fourth quarter. QRG Capital Management Inc. now owns 13,244 shares of the construction company’s stock worth $1,963,000 after buying an additional 434 shares during the period. Institutional investors own 88.40% of the company’s stock.

Insider Transactions at Owens Corning

In other news, EVP Paula Russell sold 3,765 shares of Owens Corning stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $162.00, for a total value of $609,930.00. Following the transaction, the executive vice president now directly owns 20,419 shares in the company, valued at $3,307,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore ISI raised their target price on Owens Corning from $154.00 to $172.00 and gave the stock an “in-line” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on Owens Corning from $164.00 to $163.00 and set a “neutral” rating for the company in a research report on Tuesday, February 20th. Citigroup lifted their price objective on Owens Corning from $150.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Jefferies Financial Group initiated coverage on Owens Corning in a research report on Wednesday. They set a “buy” rating and a $215.00 price objective for the company. Finally, Truist Financial lifted their price objective on Owens Corning from $115.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Owens Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.07.

Check Out Our Latest Stock Report on OC

Owens Corning Trading Down 0.5 %

Owens Corning stock opened at $177.53 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.76. The business’s 50-day simple moving average is $168.78 and its 200-day simple moving average is $153.18. The firm has a market capitalization of $15.38 billion, a PE ratio of 14.37, a PEG ratio of 5.22 and a beta of 1.45. Owens Corning has a 52 week low of $105.56 and a 52 week high of $181.49.

Owens Corning (NYSE:OCGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.55. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. Owens Corning had a return on equity of 26.52% and a net margin of 11.53%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.77 earnings per share. Equities research analysts forecast that Owens Corning will post 15.76 earnings per share for the current year.

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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