Owens Corning (NYSE:OC) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC raised its position in Owens Corning (NYSE:OC - Free Report) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 512,049 shares of the construction company's stock after purchasing an additional 5,167 shares during the period. Empower Advisory Group LLC owned about 0.60% of Owens Corning worth $87,212,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OC. JPMorgan Chase & Co. grew its holdings in Owens Corning by 113.9% in the third quarter. JPMorgan Chase & Co. now owns 797,743 shares of the construction company's stock valued at $140,818,000 after purchasing an additional 424,786 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Owens Corning by 16.4% during the third quarter. Pacer Advisors Inc. now owns 1,854,100 shares of the construction company's stock valued at $327,286,000 after acquiring an additional 261,564 shares during the last quarter. Goldentree Asset Management LP acquired a new stake in shares of Owens Corning during the third quarter valued at $43,559,000. Nordea Investment Management AB boosted its stake in shares of Owens Corning by 12.5% during the fourth quarter. Nordea Investment Management AB now owns 2,148,610 shares of the construction company's stock valued at $366,166,000 after acquiring an additional 238,694 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Owens Corning by 31.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 824,013 shares of the construction company's stock valued at $145,455,000 after acquiring an additional 197,667 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company's stock.

Insider Transactions at Owens Corning

In related news, 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 transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gunner Smith sold 17,450 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $191.19, for a total value of $3,336,265.50. Following the transaction, the insider now directly owns 18,866 shares in the company, valued at $3,606,990.54. This trade represents a 48.05 % 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.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OC. The Goldman Sachs Group increased their price objective on Owens Corning from $178.00 to $198.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Loop Capital decreased their price objective on Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. UBS Group increased their price objective on Owens Corning from $197.00 to $218.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. StockNews.com raised Owens Corning from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th. Finally, Wells Fargo & Company raised Owens Corning from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $195.00 to $225.00 in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.91.

Owens Corning Trading Down 1.3 %

Shares of NYSE:OC traded down $2.20 during trading on Thursday, reaching $171.93. 718,307 shares of the stock were exchanged, compared to its average volume of 694,464. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44. Owens Corning has a 12-month low of $142.12 and a 12-month high of $214.53. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.46. The firm's 50-day moving average price is $177.95 and its 200 day moving average price is $178.62.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. Owens Corning's payout ratio is currently 23.49%.

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.