BDF Gestion Has $3.67 Million Stock Position in Owens Corning (NYSE:OC)

BDF Gestion reduced its stake in shares of Owens Corning (NYSE:OC - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,549 shares of the construction company's stock after selling 2,800 shares during the period. BDF Gestion's holdings in Owens Corning were worth $3,670,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OC. Global Trust Asset Management LLC purchased a new position in Owens Corning in the fourth quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in Owens Corning during the third quarter worth $38,000. Quarry LP lifted its stake in Owens Corning by 165.5% in the second quarter. Quarry LP now owns 231 shares of the construction company's stock valued at $40,000 after buying an additional 144 shares during the last quarter. Tobam increased its stake in shares of Owens Corning by 38.0% in the third quarter. Tobam now owns 265 shares of the construction company's stock valued at $47,000 after purchasing an additional 73 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Owens Corning by 88.1% in the fourth quarter. Versant Capital Management Inc now owns 380 shares of the construction company's stock valued at $65,000 after purchasing an additional 178 shares during the period. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Gunner Smith sold 17,450 shares of Owens Corning stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $191.19, for a total value of $3,336,265.50. Following the transaction, the insider now directly owns 18,866 shares in the company, valued at approximately $3,606,990.54. The trade was a 48.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company's stock.

Owens Corning Stock Down 2.4 %

Shares of OC traded down $4.35 during midday trading on Monday, reaching $180.20. 751,675 shares of the stock were exchanged, compared to its average volume of 690,342. Owens Corning has a 12-month low of $138.70 and a 12-month high of $214.53. The firm has a 50 day simple moving average of $184.59 and a 200-day simple moving average of $178.57. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 2.02 and a beta of 1.46.

Owens Corning (NYSE:OC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.33. The business 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 period last year, the business earned $4.15 EPS. Research analysts forecast that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, January 6th. This is a positive change from Owens Corning's previous quarterly dividend of $0.60. This represents a $2.76 dividend on an annualized basis and a yield of 1.53%. Owens Corning's dividend payout ratio (DPR) is presently 23.49%.

Analyst Ratings Changes

OC has been the subject of several research reports. Barclays raised Owens Corning from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $192.00 to $245.00 in a research note on Wednesday, December 11th. UBS Group increased their price target on Owens Corning from $197.00 to $218.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Loop Capital decreased their price target on Owens Corning from $215.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, January 10th. StockNews.com upgraded Owens Corning from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Finally, The Goldman Sachs Group increased their price target on Owens Corning from $178.00 to $198.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.75.

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.