American Century Companies Inc. Has $43.20 Million Stock Holdings in Owens Corning (NYSE:OC)

American Century Companies Inc. cut its holdings in Owens Corning (NYSE:OC - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,610 shares of the construction company's stock after selling 1,948 shares during the quarter. American Century Companies Inc. owned about 0.30% of Owens Corning worth $43,195,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Owens Corning in the 4th quarter valued at approximately $28,000. Venturi Wealth Management LLC raised its position in shares of Owens Corning by 55.8% in the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock valued at $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Owens Corning in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Owens Corning by 193.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock worth $32,000 after buying an additional 122 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Owens Corning during the 4th quarter worth $34,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group dropped their target price on shares of Owens Corning from $245.00 to $235.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and set a $212.00 price objective on shares of Owens Corning in a research report on Monday, March 17th. Benchmark reaffirmed a "hold" rating on shares of Owens Corning in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Owens Corning in a report on Tuesday. They set a "buy" rating and a $183.00 price target for the company. Finally, StockNews.com downgraded shares of Owens Corning from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $202.42.

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Insider Buying and Selling at Owens Corning

In other news, insider Monaco Nicolas Del sold 1,750 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 owns 11,635 shares of the company's stock, valued at approximately $2,140,490.95. This trade represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.82% of the company's stock.

Owens Corning Price Performance

Shares of Owens Corning stock traded up $1.21 during trading on Tuesday, hitting $144.03. 591,385 shares of the company's stock traded hands, compared to its average volume of 781,246. The company has a market cap of $12.32 billion, a PE ratio of 12.26, a PEG ratio of 1.88 and a beta of 1.52. The firm's fifty day moving average price is $162.96 and its 200 day moving average price is $176.11. Owens Corning has a twelve month low of $137.50 and a twelve month high of $214.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85.

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

Owens Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.76 annualized dividend and a yield of 1.92%. Owens Corning's dividend payout ratio is currently 37.70%.

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.