Caisse Des Depots ET Consignations Invests $3.18 Million in Owens Corning (NYSE:OC)

Caisse Des Depots ET Consignations bought a new stake in Owens Corning (NYSE:OC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 18,696 shares of the construction company's stock, valued at approximately $3,184,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OC. FPC Investment Advisory Inc. acquired a new stake in Owens Corning in the fourth quarter valued at about $28,000. Venturi Wealth Management LLC boosted its stake in shares of Owens Corning by 55.8% in the 4th 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 in the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Owens Corning during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB increased its position in Owens Corning by 193.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock worth $32,000 after purchasing an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Owens Corning during the 4th quarter worth approximately $34,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 in the company, valued at $2,140,490.95. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.82% of the stock is currently owned by company insiders.

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Owens Corning Trading Down 0.1 %

Shares of OC stock traded down $0.14 during mid-day trading on Monday, hitting $142.50. The company's stock had a trading volume of 335,250 shares, compared to its average volume of 778,097. Owens Corning has a 52 week low of $137.50 and a 52 week high of $214.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44. The company's fifty day simple moving average is $164.63 and its 200-day simple moving average is $176.39. The company has a market cap of $12.19 billion, a PE ratio of 12.11, a P/E/G ratio of 1.88 and a beta of 1.52.

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

Owens Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Monday, March 10th. Owens Corning's dividend payout ratio is presently 37.70%.

Analyst Ratings Changes

A number of analysts have weighed in on OC shares. Loop Capital decreased their target price on shares of Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their target price on Owens Corning from $200.00 to $176.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company cut their price target on Owens Corning from $225.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $212.00 price objective on shares of Owens Corning in a research note on Monday, March 17th. Finally, StockNews.com downgraded shares of Owens Corning from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.18.

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.