2,154 Shares in Owens Corning (NYSE:OC) Bought by Zimmermann Investment Management & Planning LLC

Zimmermann Investment Management & Planning LLC bought a new position in Owens Corning (NYSE:OC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,154 shares of the construction company's stock, valued at approximately $374,000.

Several other institutional investors have also recently bought and sold shares of OC. Avantax Advisory Services Inc. increased its holdings in shares of Owens Corning by 2.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,082 shares of the construction company's stock worth $457,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC increased its holdings in shares of Owens Corning by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 1,104 shares of the construction company's stock worth $184,000 after purchasing an additional 77 shares during the period. Bessemer Group Inc. boosted its position in shares of Owens Corning by 24.9% during the 1st quarter. Bessemer Group Inc. now owns 391 shares of the construction company's stock valued at $65,000 after acquiring an additional 78 shares in the last quarter. MV Capital Management Inc. boosted its position in shares of Owens Corning by 112.9% during the 1st quarter. MV Capital Management Inc. now owns 149 shares of the construction company's stock valued at $25,000 after acquiring an additional 79 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Owens Corning by 1.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,348 shares of the construction company's stock valued at $793,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 88.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OC. Benchmark reiterated a "hold" rating on shares of Owens Corning in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of Owens Corning from $211.00 to $213.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. UBS Group boosted their price target on shares of Owens Corning from $192.00 to $197.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Evercore ISI reduced their price target on shares of Owens Corning from $188.00 to $175.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 7th. Finally, Citigroup upgraded shares of Owens Corning from a "neutral" rating to a "buy" rating and boosted their price target for the company from $178.00 to $191.00 in a research report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $184.23.

Insider Buying and Selling

In other Owens Corning news, CFO Todd W. Fister sold 3,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $173.65, for a total value of $520,950.00. Following the completion of the sale, the chief financial officer now owns 31,626 shares in the company, valued at $5,491,854.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Owens Corning news, VP Mari Doerfler sold 240 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $182.05, for a total value of $43,692.00. Following the completion of the sale, the vice president now owns 4,954 shares in the company, valued at $901,875.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd W. Fister sold 3,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $173.65, for a total transaction of $520,950.00. Following the completion of the sale, the chief financial officer now owns 31,626 shares of the company's stock, valued at approximately $5,491,854.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,240 shares of company stock worth $1,107,192. 0.89% of the stock is owned by insiders.

Owens Corning Stock Down 0.7 %

Shares of Owens Corning stock traded down $1.24 on Wednesday, hitting $165.98. The company had a trading volume of 595,030 shares, compared to its average volume of 670,855. The firm has a market capitalization of $14.38 billion, a P/E ratio of 13.44, a P/E/G ratio of 3.15 and a beta of 1.42. Owens Corning has a twelve month low of $109.95 and a twelve month high of $191.13. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.37 and a quick ratio of 0.79. The stock has a 50-day moving average of $169.83 and a 200-day moving average of $167.32.

Owens Corning (NYSE:OC - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $4.64 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.27. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.92 billion. Owens Corning had a net margin of 10.66% and a return on equity of 26.33%. The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.22 earnings per share. Research analysts predict that Owens Corning will post 15.38 earnings per share for the current year.

Owens Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, July 15th. Owens Corning's payout ratio is 19.43%.

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.

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