Marshall Wace LLP Has $49.76 Million Stock Position in Owens Corning (NYSE:OC)

Marshall Wace LLP lifted its holdings in shares of Owens Corning (NYSE:OC - Free Report) by 143.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 292,156 shares of the construction company's stock after buying an additional 171,930 shares during the period. Marshall Wace LLP owned approximately 0.34% of Owens Corning worth $49,760,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Owens Corning in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC grew its position 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 valued at $30,000 after buying an additional 63 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Owens Corning during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB lifted its stake in 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 during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Owens Corning during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 88.40% of the company's stock.

Insider Buying and Selling at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the company's stock in a transaction that occurred on 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 owns 11,635 shares of the company's stock, valued at $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.82% of the company's stock.

Analyst Ratings Changes

OC has been the topic of several research analyst reports. StockNews.com cut Owens Corning from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group dropped their target price 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. Wells Fargo & Company decreased their price target on shares of Owens Corning from $200.00 to $155.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Loop Capital reduced their price objective on Owens Corning from $215.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada reduced their target price on Owens Corning from $212.00 to $199.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $194.58.

Owens Corning Stock Up 1.0 %

NYSE OC traded up $1.35 on Friday, reaching $137.98. The stock had a trading volume of 1,891,879 shares, compared to its average volume of 809,392. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.88 and a beta of 1.39. The business has a 50 day moving average price of $148.43 and a 200 day moving average price of $172.23. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. Owens Corning has a 1 year low of $123.41 and a 1 year high of $214.53.

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

Owens Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, March 10th. Owens Corning's dividend payout ratio (DPR) is currently 37.70%.

Owens Corning 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.