5,924 Shares in Owens Corning (NYSE:OC) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in Owens Corning (NYSE:OC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,924 shares of the construction company's stock, valued at approximately $1,046,000.

Several other hedge funds also recently modified their holdings of the stock. ST Germain D J Co. Inc. boosted its holdings in Owens Corning by 794.1% during the 2nd 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 last quarter. Innealta Capital LLC bought a new stake in Owens Corning in the 2nd quarter valued at about $32,000. Tobam increased its position in shares of Owens Corning by 115.7% during the second quarter. Tobam now owns 192 shares of the construction company's stock valued at $33,000 after buying an additional 103 shares during the period. Quarry LP increased its position in shares of Owens Corning by 165.5% during 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 period. Finally, Friedenthal Financial bought a new stake in shares of Owens Corning during the second quarter valued at about $48,000. Institutional investors own 88.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OC. Evercore ISI upped their price objective 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. Benchmark reissued a "hold" rating on shares of Owens Corning in a research note on Wednesday, August 7th. StockNews.com upgraded Owens Corning from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group increased their price objective on Owens Corning from $197.00 to $218.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Royal Bank of Canada upped their price objective on Owens Corning from $213.00 to $217.00 and gave the company an "outperform" rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Owens Corning presently has an average rating of "Moderate Buy" and an average target price of $192.62.

Insiders Place Their Bets

In other Owens Corning news, insider Marcio A. Sandri sold 3,050 shares of the firm'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 sale, the insider now owns 60,130 shares of the company's stock, valued at $10,222,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Marcio A. Sandri sold 3,051 shares of Owens Corning stock in a transaction that occurred on Thursday, September 19th. The shares were 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 owns 57,079 shares of the company's stock, valued at approximately $10,074,443.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marcio A. Sandri sold 3,050 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $10,222,100. This trade 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 insiders.

Owens Corning Trading Up 2.1 %

Shares of NYSE:OC traded up $4.05 during trading on Monday, reaching $194.49. The company's stock had a trading volume of 313,832 shares, compared to its average volume of 681,794. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.89. Owens Corning has a 12 month low of $123.10 and a 12 month high of $197.52. The firm's 50 day simple moving average is $175.83 and its two-hundred day simple moving average is $173.74. The stock has a market capitalization of $16.68 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41.

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

Owens Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, October 18th. Owens Corning's 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.