Owens Corning (NYSE:OC) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its holdings in shares of Owens Corning (NYSE:OC - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,586 shares of the construction company's stock after selling 2,000 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Owens Corning were worth $1,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. raised its position in Owens Corning by 4.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,297 shares of the construction company's stock valued at $221,000 after purchasing an additional 53 shares during the last quarter. Greenleaf Trust grew its stake in shares of Owens Corning by 1.5% during the 4th quarter. Greenleaf Trust now owns 3,895 shares of the construction company's stock worth $663,000 after purchasing an additional 56 shares during the period. Retirement Guys Formula LLC increased its holdings in Owens Corning by 3.1% in the fourth quarter. Retirement Guys Formula LLC now owns 1,999 shares of the construction company's stock valued at $341,000 after buying an additional 60 shares in the last quarter. IFP Advisors Inc raised its holdings in Owens Corning by 35.6% during the fourth quarter. IFP Advisors Inc now owns 236 shares of the construction company's stock worth $40,000 after purchasing an additional 62 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Owens Corning by 55.8% during the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 88.40% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on OC shares. Barclays lowered their target price on Owens Corning from $245.00 to $215.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Benchmark reiterated a "hold" rating on shares of Owens Corning in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. StockNews.com lowered Owens Corning from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, UBS Group cut their price target on shares of Owens Corning from $245.00 to $235.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Owens Corning has an average rating of "Moderate Buy" and an average price target of $204.18.

Insider Buying and Selling at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction 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 sale, the insider now directly owns 11,635 shares of the company's stock, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by insiders.

Owens Corning Stock Down 0.1 %

Shares of Owens Corning stock traded down $0.18 on Tuesday, hitting $144.89. 858,239 shares of the company's stock traded hands, compared to its average volume of 735,052. Owens Corning has a 52-week low of $137.50 and a 52-week high of $214.53. 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 stock has a market cap of $12.39 billion, a P/E ratio of 12.33, a PEG ratio of 1.88 and a beta of 1.52. The firm's 50-day moving average is $169.45 and its 200 day moving average is $177.28.

Owens Corning (NYSE:OC - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $0.35. The firm had revenue of $2.84 billion for 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%. The firm's revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 EPS. Equities analysts anticipate that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, March 10th. Owens Corning's dividend payout ratio is currently 37.70%.

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.