Owens Corning (NYSE:OC) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Owens Corning (NYSE:OC - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,315 shares of the construction company's stock after selling 1,678 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Owens Corning worth $7,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OC. International Assets Investment Management LLC acquired a new stake in shares of Owens Corning in the third quarter worth $156,000. Wealth Enhancement Advisory Services LLC boosted its position in Owens Corning by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,793 shares of the construction company's stock worth $1,199,000 after purchasing an additional 211 shares during the period. Nisa Investment Advisors LLC increased its holdings in Owens Corning by 132.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,893 shares of the construction company's stock valued at $2,099,000 after purchasing an additional 6,778 shares in the last quarter. Stephens Inc. AR purchased a new position in Owens Corning in the third quarter valued at about $718,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Owens Corning by 115.6% during the third quarter. Farther Finance Advisors LLC now owns 2,686 shares of the construction company's stock worth $474,000 after purchasing an additional 1,440 shares in the last quarter. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Stock Performance

Shares of Owens Corning stock traded up $4.92 on Wednesday, reaching $148.95. 1,677,866 shares of the company were exchanged, compared to its average volume of 893,377. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.88 and a beta of 1.46. Owens Corning has a 1-year low of $140.94 and a 1-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 company's 50-day moving average is $174.41 and its two-hundred day moving average is $178.71.

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

Owens Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, March 10th. Owens Corning's dividend payout ratio (DPR) is presently 37.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark reiterated a "hold" rating on shares of Owens Corning in a research note on Monday. Loop Capital cut their target price on Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Evercore ISI lifted their price target on shares of Owens Corning from $189.00 to $196.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Wells Fargo & Company reduced their price objective on shares of Owens Corning from $225.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Finally, Citigroup dropped their target price on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.18.

Insider Activity at Owens Corning

In other news, insider Gunner Smith sold 17,450 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the completion of the transaction, the insider now owns 18,866 shares in the company, valued at approximately $3,606,990.54. This trade represents a 48.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Monaco Nicolas Del sold 1,750 shares of the business'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 transaction of $321,947.50. Following the completion of the sale, the insider now owns 11,635 shares in the company, valued at $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.89% of the company's stock.

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.