Lbp Am Sa Purchases 490 Shares of Owens Corning (NYSE:OC)

Lbp Am Sa lifted its position in shares of Owens Corning (NYSE:OC) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,876 shares of the construction company’s stock after purchasing an additional 490 shares during the period. Lbp Am Sa’s holdings in Owens Corning were worth $4,067,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in OC. Prime Capital Investment Advisors LLC increased its holdings in Owens Corning by 7.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,784 shares of the construction company’s stock worth $315,000 after buying an additional 116 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Owens Corning by 4.8% during the third quarter. CIBC Asset Management Inc now owns 3,513 shares of the construction company’s stock worth $620,000 after buying an additional 162 shares during the last quarter. Natixis Advisors LLC increased its holdings in Owens Corning by 1.9% during the third quarter. Natixis Advisors LLC now owns 17,903 shares of the construction company’s stock worth $3,160,000 after buying an additional 339 shares during the last quarter. Chesapeake Capital Corp IL increased its holdings in Owens Corning by 28.2% during the third quarter. Chesapeake Capital Corp IL now owns 4,134 shares of the construction company’s stock worth $721,000 after buying an additional 909 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Owens Corning by 15.0% during the third quarter. Thrivent Financial for Lutherans now owns 231,352 shares of the construction company’s stock worth $40,838,000 after buying an additional 30,192 shares during the last quarter. 88.40% of the stock is owned by institutional investors.

Owens Corning Trading Up 4.5 %

Shares of OC opened at $144.09 on Friday. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.88 and a beta of 1.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44. Owens Corning has a fifty-two week low of $137.50 and a fifty-two week high of $214.53. The firm has a 50 day moving average price of $169.96 and a 200-day moving average price of $177.35.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the business posted $3.21 EPS. The business’s quarterly revenue was up 23.3% on a year-over-year basis. As a group, equities research analysts forecast that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, March 10th. Owens Corning’s payout ratio is 37.70%.

Analyst Upgrades and Downgrades

OC has been the subject of several recent research reports. Benchmark reiterated a “hold” rating on shares of Owens Corning in a research note on Monday, March 3rd. Barclays reduced their target price on shares of Owens Corning from $245.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their target price on shares of Owens Corning from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Loop Capital reduced their target price on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada cut their price objective on shares of Owens Corning from $224.00 to $212.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.18.

Insider Buying and Selling

In related news, insider Monaco Nicolas Del sold 1,750 shares of Owens Corning stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the transaction, the insider now directly owns 11,635 shares of the company’s stock, valued at $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by insiders.

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.