Owens Corning (NYSE:OC) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in shares of Owens Corning (NYSE:OC - Free Report) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,547 shares of the construction company's stock after purchasing an additional 5,844 shares during the quarter. Aptus Capital Advisors LLC owned 0.06% of Owens Corning worth $9,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OC. ST Germain D J Co. Inc. grew its holdings in Owens Corning by 794.1% during the second 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. Innealta Capital LLC acquired a new stake in shares of Owens Corning during the 2nd quarter worth approximately $32,000. Tobam increased its holdings in shares of Owens Corning by 115.7% during the 2nd quarter. Tobam now owns 192 shares of the construction company's stock valued at $33,000 after purchasing an additional 103 shares in the last quarter. Quarry LP increased its holdings in shares of Owens Corning by 165.5% during the 2nd quarter. Quarry LP now owns 231 shares of the construction company's stock valued at $40,000 after purchasing an additional 144 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Owens Corning in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OC. UBS Group upped their price objective on shares of Owens Corning from $197.00 to $218.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Owens Corning from $178.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on Owens Corning from $213.00 to $217.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target 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, November 7th. Finally, Benchmark reissued a "hold" rating on shares of Owens Corning in a report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.62.

Insider Buying and Selling

In related news, insider Marcio A. Sandri sold 3,051 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $176.50, for a total transaction of $538,501.50. Following the completion of the sale, the insider now directly owns 57,079 shares of the company's stock, valued at approximately $10,074,443.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Marcio A. Sandri sold 3,050 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $170.00, for a total transaction of $518,500.00. Following the completion of the transaction, the insider now directly owns 60,130 shares in the company, valued at $10,222,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marcio A. Sandri sold 3,051 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $176.50, for a total transaction of $538,501.50. Following the sale, the insider now directly owns 57,079 shares in the company, valued at $10,074,443.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

Owens Corning Price Performance

OC stock traded up $5.12 during mid-day trading on Wednesday, reaching $195.79. The company's stock had a trading volume of 1,045,708 shares, compared to its average volume of 684,767. The stock has a market cap of $16.79 billion, a PE ratio of 16.66, a P/E/G ratio of 2.14 and a beta of 1.41. The company's 50 day moving average is $177.66 and its two-hundred day moving average is $174.25. Owens Corning has a fifty-two week low of $127.64 and a fifty-two week high of $197.58. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89.

Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.33. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.04 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The firm's revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.15 earnings per share. Equities research analysts expect that Owens Corning will post 15.39 EPS for the current year.

Owens Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, October 18th. Owens Corning's dividend payout ratio is currently 20.43%.

Owens Corning Company 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.