Owens Corning (NYSE:OC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in Owens Corning (NYSE:OC - Free Report) by 70.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,527 shares of the construction company's stock after selling 15,662 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Owens Corning were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. lifted its position 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 valued at $26,000 after purchasing an additional 135 shares during the last quarter. Innealta Capital LLC purchased a new position in Owens Corning in the 2nd quarter worth approximately $32,000. Tobam lifted its position in Owens Corning by 115.7% in the second quarter. Tobam now owns 192 shares of the construction company's stock valued at $33,000 after purchasing an additional 103 shares during the last quarter. Quarry LP grew its holdings in shares of Owens Corning by 165.5% in the second quarter. Quarry LP now owns 231 shares of the construction company's stock worth $40,000 after purchasing an additional 144 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of Owens Corning in the second quarter worth approximately $48,000. Institutional investors own 88.40% of the company's stock.

Wall Street Analyst Weigh In

OC has been the subject of several research reports. Wells Fargo & Company increased their target price on Owens Corning from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. UBS Group raised their price objective on Owens Corning from $197.00 to $218.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Evercore ISI upped their target price on shares of Owens Corning from $189.00 to $196.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Owens Corning from $178.00 to $198.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Benchmark reiterated a "hold" rating on shares of Owens Corning in a report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.62.

Owens Corning Trading Down 0.5 %

Shares of OC stock traded down $1.04 on Friday, hitting $194.22. The stock had a trading volume of 390,886 shares, compared to its average volume of 684,106. The company's 50 day moving average price is $178.38 and its 200-day moving average price is $174.39. Owens Corning has a 1 year low of $128.79 and a 1 year high of $199.54. The firm has a market capitalization of $16.66 billion, a P/E ratio of 16.62, a P/E/G ratio of 2.20 and a beta of 1.41. 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 issued its earnings results on Wednesday, November 6th. The construction company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.33. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.04 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The company's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.15 EPS. Analysts anticipate that Owens Corning will post 15.39 earnings per share for the current year.

Owens Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 18th were given a dividend of $0.60 per share. The ex-dividend date was Friday, October 18th. This represents a $2.40 annualized dividend and a yield of 1.24%. Owens Corning's payout ratio is currently 20.43%.

Insider Buying and Selling at Owens Corning

In related news, insider Marcio A. Sandri sold 3,050 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $170.00, for a total value of $518,500.00. Following the completion of the transaction, the insider now owns 60,130 shares of the company's stock, valued at approximately $10,222,100. The trade was a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

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.