Measured Wealth Private Client Group LLC Sells 2,375 Shares of Owens Corning (NYSE:OC)

Measured Wealth Private Client Group LLC reduced its stake in Owens Corning (NYSE:OC) by 47.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,683 shares of the construction company’s stock after selling 2,375 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Owens Corning were worth $474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. increased its holdings in shares of Owens Corning by 794.1% in the 2nd quarter. ST Germain D J Co. Inc. now owns 152 shares of the construction company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Owens Corning in the 1st quarter worth about $31,000. Innealta Capital LLC bought a new stake in shares of Owens Corning in the 2nd quarter worth about $32,000. Tobam increased its holdings in shares of Owens Corning by 115.7% in the 2nd quarter. Tobam now owns 192 shares of the construction company’s stock worth $33,000 after buying an additional 103 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Owens Corning by 165.5% in the 2nd quarter. Quarry LP now owns 231 shares of the construction company’s stock worth $40,000 after buying an additional 144 shares during the last quarter. 88.40% of the stock is currently owned by institutional investors.

Owens Corning Trading Down 0.6 %

NYSE:OC opened at $180.50 on Thursday. Owens Corning has a one year low of $112.32 and a one year high of $191.44. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.37. The firm has a market cap of $15.69 billion, a P/E ratio of 15.38, a P/E/G ratio of 2.23 and a beta of 1.41. The firm has a 50-day simple moving average of $173.69 and a 200-day simple moving average of $172.71.

Owens Corning (NYSE:OC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $4.64 EPS for the quarter, beating the consensus estimate of $4.37 by $0.27. Owens Corning had a net margin of 10.66% and a return on equity of 26.33%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the previous year, the business posted $4.22 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Owens Corning will post 15.34 EPS for the current fiscal year.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 18th will be issued a $0.60 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.33%. Owens Corning’s dividend payout ratio is currently 20.32%.

Insider Activity

In related news, insider Marcio A. Sandri sold 3,051 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $176.50, for a total transaction of $538,501.50. Following the completion of the transaction, the insider now owns 57,079 shares in the company, valued at $10,074,443.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Marcio A. Sandri sold 3,051 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $176.50, for a total transaction of $538,501.50. Following the completion of the transaction, the insider now owns 57,079 shares in the company, valued at $10,074,443.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marcio A. Sandri sold 3,050 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $170.00, for a total transaction of $518,500.00. Following the transaction, the insider now owns 60,130 shares of the company’s stock, valued at approximately $10,222,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OC. Evercore ISI lifted their price target on shares of Owens Corning from $175.00 to $189.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Citigroup raised shares of Owens Corning from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $178.00 to $191.00 in a research note on Thursday, July 11th. Wells Fargo & Company lifted their price target on shares of Owens Corning from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Barclays dropped their price target on shares of Owens Corning from $190.00 to $189.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Finally, UBS Group lifted their price target on shares of Owens Corning from $192.00 to $197.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

Owens Corning Profile

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.