Owens Corning (NYSE:OC) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in shares of Owens Corning (NYSE:OC - Free Report) by 18.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,396 shares of the construction company's stock after selling 9,333 shares during the period. Amalgamated Bank's holdings in Owens Corning were worth $7,484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ST Germain D J Co. Inc. lifted its stake 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 acquiring an additional 135 shares during the period. ORG Partners LLC acquired a new stake in shares of Owens Corning in the 1st quarter worth $31,000. Innealta Capital LLC acquired a new stake in shares of Owens Corning in the 2nd quarter worth $32,000. Tobam lifted its stake 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 acquiring an additional 103 shares during the period. Finally, Quarry LP lifted its stake 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 acquiring an additional 144 shares during the period. 88.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Owens Corning

In other Owens Corning news, insider Marcio A. Sandri sold 3,050 shares of Owens Corning stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $170.00, for a total transaction of $518,500.00. Following the transaction, the insider now directly owns 60,130 shares of the company's stock, valued at $10,222,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Marcio A. Sandri sold 3,051 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 57,079 shares of the company's stock, valued at approximately $10,074,443.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marcio A. Sandri sold 3,050 shares of the business's stock in a transaction 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 directly owns 60,130 shares in the company, valued at approximately $10,222,100. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Owens Corning Trading Up 1.5 %

Owens Corning stock traded up $2.82 during trading on Thursday, reaching $187.46. The company had a trading volume of 919,943 shares, compared to its average volume of 682,967. Owens Corning has a 12-month low of $120.17 and a 12-month high of $191.44. The stock's 50 day moving average price is $174.98 and its two-hundred day moving average price is $173.36. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.37.

Owens Corning (NYSE:OC - Get Free Report) last released its earnings results on Wednesday, November 6th. The construction company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.01 by $0.37. Owens Corning had a net margin of 10.66% and a return on equity of 26.33%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm earned $4.15 earnings per share. Owens Corning's revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that Owens Corning will post 15.34 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 18th were issued a $0.60 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. Owens Corning's payout ratio is 20.32%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OC. The Goldman Sachs Group raised their target price on shares of Owens Corning from $178.00 to $198.00 and gave the stock a "neutral" rating in a research note on Thursday. Royal Bank of Canada raised 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. Wells Fargo & Company raised their price objective on shares of Owens Corning from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Thursday. Evercore ISI raised their target price on shares of Owens Corning from $189.00 to $196.00 and gave the company an "in-line" rating in a report on Thursday. Finally, UBS Group raised their target price on shares of Owens Corning from $197.00 to $218.00 and gave the company a "buy" rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $192.62.

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.