Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 158,919 Owens Corning (NYSE:OC)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Owens Corning (NYSE:OC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 158,919 shares of the construction company's stock, valued at approximately $27,067,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.19% of Owens Corning at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OC. Norges Bank bought a new stake in Owens Corning during the fourth quarter worth $208,519,000. JPMorgan Chase & Co. grew its stake in Owens Corning by 113.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,743 shares of the construction company's stock valued at $140,818,000 after buying an additional 424,786 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Owens Corning during the 4th quarter valued at $51,220,000. Nordea Investment Management AB boosted its position in shares of Owens Corning by 12.5% in the fourth quarter. Nordea Investment Management AB now owns 2,148,610 shares of the construction company's stock valued at $366,166,000 after acquiring an additional 238,694 shares during the period. Finally, LGT Group Foundation purchased a new stake in shares of Owens Corning in the 4th quarter valued at about $39,054,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OC shares. JPMorgan Chase & Co. lowered their price target on Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Royal Bank of Canada decreased their price objective on shares of Owens Corning from $212.00 to $199.00 and set an "outperform" rating for the company in a report on Monday. Citigroup reduced their price target on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Benchmark reaffirmed a "hold" rating on shares of Owens Corning in a research report on Monday, March 3rd. Finally, StockNews.com lowered shares of Owens Corning from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $194.58.

Insider Activity

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the 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 directly owns 11,635 shares of the company's stock, valued at $2,140,490.95. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.82% of the company's stock.

Owens Corning Stock Performance

NYSE:OC traded up $1.35 during trading hours on Friday, reaching $137.98. The company had a trading volume of 1,891,879 shares, compared to its average volume of 808,703. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.88 and a beta of 1.39. Owens Corning has a 52 week low of $123.41 and a 52 week high of $214.53. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The firm's 50 day moving average price is $149.23 and its 200-day moving average price is $172.49.

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

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 10th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Monday, March 10th. Owens Corning's dividend payout ratio is 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.