2,580 Shares in Owens Corning (NYSE:OC) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP bought a new stake in Owens Corning (NYSE:OC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,580 shares of the construction company's stock, valued at approximately $439,000.

Other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Owens Corning in the 4th quarter valued at $28,000. Venturi Wealth Management LLC increased its stake in Owens Corning by 55.8% during the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of Owens Corning during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of Owens Corning by 193.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock worth $32,000 after purchasing an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Owens Corning in the fourth quarter valued at approximately $34,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Price Performance

Shares of NYSE:OC opened at $143.95 on Friday. Owens Corning has a 12 month low of $123.41 and a 12 month high of $214.53. The firm has a market capitalization of $12.31 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. The company's fifty day moving average price is $144.56 and its 200 day moving average price is $170.89.

Owens Corning (NYSE:OC - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.35. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The business's quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.21 EPS. As a group, sell-side analysts predict that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.92%. Owens Corning's dividend payout ratio (DPR) is presently 37.70%.

Insider Activity

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $183.97, for a total transaction of $321,947.50. Following the completion of the sale, the insider now directly owns 11,635 shares of the company's stock, valued at $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on OC. Wells Fargo & Company reduced their target price on shares of Owens Corning from $200.00 to $155.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. UBS Group lowered their target price on Owens Corning from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Barclays cut their price target on Owens Corning from $215.00 to $179.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price objective on Owens Corning from $212.00 to $199.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Owens Corning presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.73.

About Owens Corning

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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