LSV Asset Management Sells 38,389 Shares of Owens Corning (NYSE:OC)

LSV Asset Management trimmed its holdings in Owens Corning (NYSE:OC - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,448,882 shares of the construction company's stock after selling 38,389 shares during the quarter. LSV Asset Management owned 1.69% of Owens Corning worth $246,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in shares of Owens Corning by 12.5% during the 4th quarter. Nordea Investment Management AB now owns 2,148,610 shares of the construction company's stock worth $366,166,000 after purchasing an additional 238,694 shares in the last quarter. Norges Bank bought a new position in shares of Owens Corning during the 4th quarter worth about $208,519,000. JPMorgan Chase & Co. boosted its position in shares of Owens Corning by 113.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 797,743 shares of the construction company's stock valued at $140,818,000 after acquiring an additional 424,786 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Owens Corning by 2.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 640,506 shares of the construction company's stock valued at $109,091,000 after acquiring an additional 16,958 shares during the period. Finally, AustralianSuper Pty Ltd lifted its stake in Owens Corning by 1.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 593,831 shares of the construction company's stock worth $101,141,000 after purchasing an additional 10,448 shares during the period. Institutional investors own 88.40% of the company's stock.

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Owens Corning Trading Up 3.2 %

NYSE OC traded up $4.36 during trading hours on Friday, hitting $138.84. The company's stock had a trading volume of 1,018,788 shares, compared to its average volume of 800,901. The stock has a fifty day moving average of $152.71 and a 200 day moving average of $173.49. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. Owens Corning has a twelve month low of $123.41 and a twelve month high of $214.53. The firm has a market capitalization of $11.88 billion, a P/E ratio of 11.82, a PEG ratio of 1.88 and a beta of 1.39.

Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $0.35. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The firm's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 earnings per share. Equities research analysts forecast that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.99%. The ex-dividend date was Monday, March 10th. Owens Corning's payout ratio is presently 37.70%.

Insiders Place Their Bets

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was 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 directly owns 11,635 shares of the company's stock, valued at approximately $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OC. Royal Bank of Canada reiterated an "outperform" rating and issued a $212.00 price target on shares of Owens Corning in a research report on Monday, March 17th. JPMorgan Chase & Co. cut their price target on shares of Owens Corning from $200.00 to $176.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Benchmark reaffirmed a "hold" rating on shares of Owens Corning in a report on Monday, March 3rd. Wells Fargo & Company decreased their price target on Owens Corning from $225.00 to $200.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded Owens Corning from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $199.42.

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.