Cozad Asset Management Inc. Decreases Stock Holdings in Owens Corning (NYSE:OC)

Cozad Asset Management Inc. trimmed its holdings in Owens Corning (NYSE:OC - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,520 shares of the construction company's stock after selling 2,557 shares during the period. Owens Corning accounts for 1.0% of Cozad Asset Management Inc.'s holdings, making the stock its 27th largest position. Cozad Asset Management Inc. owned 0.07% of Owens Corning worth $10,308,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its stake in Owens Corning by 4.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,297 shares of the construction company's stock worth $221,000 after purchasing an additional 53 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Owens Corning by 1.5% during the 4th quarter. Greenleaf Trust now owns 3,895 shares of the construction company's stock valued at $663,000 after purchasing an additional 56 shares during the last quarter. Retirement Guys Formula LLC boosted its position in Owens Corning by 3.1% in the fourth quarter. Retirement Guys Formula LLC now owns 1,999 shares of the construction company's stock valued at $341,000 after buying an additional 60 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Owens Corning by 35.6% during the fourth quarter. IFP Advisors Inc now owns 236 shares of the construction company's stock worth $40,000 after buying an additional 62 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Owens Corning by 2.5% during the fourth quarter. Parallel Advisors LLC now owns 2,578 shares of the construction company's stock worth $439,000 after buying an additional 62 shares in the last quarter. 88.40% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, insider Monaco Nicolas Del sold 1,750 shares of the company'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 completion of the sale, the insider now owns 11,635 shares in the company, valued at $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Citigroup cut their target price on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Barclays decreased their price target on shares of Owens Corning from $245.00 to $215.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Loop Capital cut their price target on shares of Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $212.00 price objective on shares of Owens Corning in a report on Monday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Owens Corning has an average rating of "Moderate Buy" and a consensus price target of $204.18.

Owens Corning Trading Down 1.8 %

Shares of NYSE:OC traded down $2.58 during mid-day trading on Friday, hitting $144.49. The company had a trading volume of 2,356,577 shares, compared to its average volume of 744,532. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. The company has a market capitalization of $12.36 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.52. The firm has a fifty day moving average price of $168.01 and a 200 day moving average price of $176.70. Owens Corning has a one year low of $137.50 and a one year high of $214.53.

Owens Corning (NYSE:OC - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The company's quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.21 earnings per share. As a group, research analysts forecast that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a yield of 1.91%. Owens Corning's dividend payout ratio (DPR) is currently 37.70%.

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.