Hancock Whitney Corp Purchases 2,369 Shares of Owens Corning (NYSE:OC)

Hancock Whitney Corp raised its stake in Owens Corning (NYSE:OC - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,058 shares of the construction company's stock after buying an additional 2,369 shares during the quarter. Hancock Whitney Corp's holdings in Owens Corning were worth $2,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new position in Owens Corning during the fourth quarter valued at approximately $28,000. 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 purchasing an additional 63 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Owens Corning in the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB grew its stake in shares of Owens Corning by 193.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after buying an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Owens Corning during the fourth quarter worth $34,000. Institutional investors own 88.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on OC. StockNews.com downgraded shares of Owens Corning from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group decreased their target price on Owens Corning from $245.00 to $235.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Barclays lowered their price target on shares of Owens Corning from $215.00 to $179.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Owens Corning in a research report on Tuesday, April 1st. They issued a "buy" rating and a $183.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.73.

Insider Transactions at Owens Corning

In related 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 value of $321,947.50. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.82% of the company's stock.

Owens Corning Price Performance

Shares of NYSE OC traded down $0.06 during trading hours on Monday, hitting $144.02. 580,055 shares of the stock were exchanged, compared to its average volume of 807,864. Owens Corning has a 1-year low of $123.41 and a 1-year high of $214.53. The company has a market cap of $12.32 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.39. 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 $144.56 and its two-hundred day simple moving average is $170.86.

Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, topping 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 return on equity of 25.82% and a net margin of 9.92%. Owens Corning's revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.21 EPS. On average, sell-side analysts predict that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were given a $0.69 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a yield of 1.92%. Owens Corning's dividend payout ratio is currently 37.70%.

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.