Natixis Invests $3.41 Million in Owens Corning (NYSE:OC)

Natixis bought a new position in Owens Corning (NYSE:OC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,991 shares of the construction company's stock, valued at approximately $3,405,000.

A number of other large investors have also added to or reduced their stakes in OC. FPC Investment Advisory Inc. purchased a new stake in Owens Corning during the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC increased its stake in shares of Owens Corning by 55.8% in 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 bought a new position in Owens Corning in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB lifted its position in Owens Corning by 193.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after purchasing an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Owens Corning during the fourth quarter valued at about $34,000. Institutional investors own 88.40% of the company's stock.

Owens Corning Trading Up 4.2 %

Shares of OC stock traded up $5.79 during trading hours on Thursday, reaching $143.96. 717,387 shares of the stock were exchanged, compared to its average volume of 807,093. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.39. Owens Corning has a 12-month low of $123.41 and a 12-month high of $214.53. The company's 50-day moving average price is $145.23 and its 200-day moving average price is $171.23.

Owens Corning (NYSE:OC - Get Free Report) last issued its quarterly 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 the consensus estimate of $2.88 billion. During the same period in the prior year, the business posted $3.21 earnings per share. The company's revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities analysts anticipate that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays lowered their price objective on Owens Corning from $215.00 to $179.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Owens Corning in a report on Tuesday, April 1st. They issued a "buy" rating and a $183.00 target price on the stock. Citigroup cut their price objective on Owens Corning from $212.00 to $207.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, UBS Group dropped their price target on Owens Corning from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $194.58.

Insiders Place Their Bets

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the company's stock in a transaction 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 sale, the insider now directly owns 11,635 shares in the company, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company's stock.

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.