Owens Corning (NYSE:OC) Shares Bought by Trium Capital LLP

Trium Capital LLP lifted its holdings in shares of Owens Corning (NYSE:OC) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,652 shares of the construction company’s stock after acquiring an additional 784 shares during the quarter. Owens Corning comprises approximately 0.2% of Trium Capital LLP’s holdings, making the stock its 17th biggest holding. Trium Capital LLP’s holdings in Owens Corning were worth $1,474,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OC. Alpha DNA Investment Management LLC grew its position in Owens Corning by 147.4% in the third quarter. Alpha DNA Investment Management LLC now owns 4,270 shares of the construction company’s stock valued at $754,000 after acquiring an additional 2,544 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Owens Corning by 3.1% during the 3rd quarter. Janus Henderson Group PLC now owns 6,744 shares of the construction company’s stock valued at $1,189,000 after purchasing an additional 200 shares in the last quarter. Penserra Capital Management LLC increased its stake in Owens Corning by 53.3% during the 3rd quarter. Penserra Capital Management LLC now owns 4,726 shares of the construction company’s stock worth $832,000 after buying an additional 1,643 shares during the period. Atria Investments Inc lifted its holdings in Owens Corning by 93.3% in the 3rd quarter. Atria Investments Inc now owns 13,200 shares of the construction company’s stock worth $2,330,000 after buying an additional 6,373 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in Owens Corning in the 3rd quarter valued at about $1,046,000. 88.40% of the stock is owned by hedge funds and other institutional investors.

Owens Corning Trading Up 2.0 %

NYSE OC opened at $182.86 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44. The company has a 50-day simple moving average of $186.08 and a 200-day simple moving average of $177.30. Owens Corning has a one year low of $138.70 and a one year high of $214.53. The firm has a market capitalization of $15.69 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.46.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.33. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the firm earned $4.15 EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. On average, equities analysts forecast that Owens Corning will post 15.46 earnings per share for the current year.

Owens Corning Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a dividend of $0.69 per share. This is an increase from Owens Corning’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.76 annualized dividend and a dividend yield of 1.51%. Owens Corning’s payout ratio is 23.49%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OC. Loop Capital dropped their target price on Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group lifted their price objective on Owens Corning from $178.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com upgraded Owens Corning from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Citigroup dropped their price target on shares of Owens Corning from $212.00 to $207.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada increased their price objective on shares of Owens Corning from $213.00 to $217.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Owens Corning currently has a consensus rating of “Moderate Buy” and an average price target of $201.75.

Insider Transactions at Owens Corning

In other news, insider Gunner Smith sold 17,450 shares of Owens Corning stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the sale, the insider now owns 18,866 shares of the company’s stock, valued at approximately $3,606,990.54. The trade was a 48.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

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.