3,806 Shares in Owens Corning (NYSE:OC) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in Owens Corning (NYSE:OC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,806 shares of the construction company's stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OC. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Owens Corning in the 3rd quarter worth approximately $607,000. Commerce Bank boosted its position in shares of Owens Corning by 13.8% in the third quarter. Commerce Bank now owns 3,300 shares of the construction company's stock worth $583,000 after buying an additional 399 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Owens Corning by 18.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,749 shares of the construction company's stock worth $838,000 after buying an additional 743 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Owens Corning by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 593,154 shares of the construction company's stock valued at $104,704,000 after buying an additional 2,870 shares in the last quarter. Finally, Pitcairn Co. acquired a new position in Owens Corning during the third quarter valued at $252,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Stock Performance

Shares of Owens Corning stock traded down $1.57 during trading on Tuesday, reaching $149.61. The company's stock had a trading volume of 884,567 shares, compared to its average volume of 744,951. Owens Corning has a one year low of $137.50 and a one year 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 firm has a market cap of $12.80 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.88 and a beta of 1.52. The business's fifty day moving average price is $166.70 and its 200-day moving average price is $176.65.

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Owens Corning (NYSE:OC - Get Free Report) last issued its earnings results 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 business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. Owens Corning's revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.21 earnings per share. As a group, equities research analysts predict that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be given a $0.69 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a yield of 1.84%. Owens Corning's dividend payout ratio (DPR) is presently 37.70%.

Insiders Place Their Bets

In other news, insider Monaco Nicolas Del sold 1,750 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the transaction, the insider now owns 11,635 shares of the company's stock, valued at approximately $2,140,490.95. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OC. Barclays decreased their price objective on Owens Corning from $245.00 to $215.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. StockNews.com cut shares of Owens Corning from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Citigroup dropped their price objective on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Benchmark reiterated a "hold" rating on shares of Owens Corning in a report on Monday, March 3rd. Finally, Loop Capital dropped their price target 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.