Tower Research Capital LLC TRC Acquires 2,405 Shares of Owens Corning (NYSE:OC)

Tower Research Capital LLC TRC raised its holdings in Owens Corning (NYSE:OC - Free Report) by 70.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,821 shares of the construction company's stock after acquiring an additional 2,405 shares during the period. Tower Research Capital LLC TRC's holdings in Owens Corning were worth $991,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OC. FPC Investment Advisory Inc. acquired a new position in Owens Corning during the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC raised its position in shares of Owens Corning by 55.8% during the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Owens Corning in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB grew its position in Owens Corning by 193.7% in the 4th 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 during the period. Finally, Whipplewood Advisors LLC bought a new stake in Owens Corning during the 4th quarter valued at $34,000. 88.40% of the stock is currently owned by institutional investors.

Owens Corning Stock Up 0.5 %

OC traded up $0.70 during trading on Tuesday, hitting $144.66. 367,219 shares of the company's stock traded hands, compared to its average volume of 806,243. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.88 and a beta of 1.39. The company's 50 day simple moving average is $143.95 and its two-hundred day simple moving average is $170.60. Owens Corning has a 12-month low of $123.41 and a 12-month high of $214.53. 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 (NYSE:OC - Get Free Report) last posted its earnings results 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 the consensus estimate of $2.88 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The firm's revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.21 EPS. Analysts predict that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, March 10th. Owens Corning's dividend payout ratio (DPR) is currently 37.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OC shares. Benchmark reiterated a "hold" rating on shares of Owens Corning in a research note on Monday, March 3rd. Citigroup decreased their price target on Owens Corning from $212.00 to $207.00 and set a "buy" rating for the company in a report on Monday, January 6th. UBS Group cut their price objective 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. Royal Bank of Canada lowered their target price on shares of Owens Corning from $212.00 to $199.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $195.73.

Insider Activity

In other news, insider Monaco Nicolas Del sold 1,750 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the transaction, the insider now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company's stock.

Owens Corning Company 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.