Yousif Capital Management LLC Sells 1,506 Shares of Owens Corning (NYSE:OC)

Yousif Capital Management LLC trimmed its position in Owens Corning (NYSE:OC - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,991 shares of the construction company's stock after selling 1,506 shares during the quarter. Yousif Capital Management LLC's holdings in Owens Corning were worth $5,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Owens Corning by 4.7% in the 3rd quarter. State Street Corp now owns 4,181,421 shares of the construction company's stock valued at $738,104,000 after purchasing an additional 187,001 shares during the period. Nordea Investment Management AB raised its holdings in Owens Corning by 12.5% in the 4th 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 period. Pacer Advisors Inc. raised its holdings in Owens Corning by 16.4% in the 3rd 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 period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Owens Corning by 31.6% in the 3rd 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 period. Finally, JPMorgan Chase & Co. raised its holdings in Owens Corning by 113.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,743 shares of the construction company's stock valued at $140,818,000 after acquiring an additional 424,786 shares during the period. 88.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OC shares. The Goldman Sachs Group increased their price target on shares of Owens Corning from $178.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Owens Corning from $213.00 to $217.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com raised shares of Owens Corning from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Barclays upgraded shares of Owens Corning from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $192.00 to $245.00 in a research report on Wednesday, December 11th. Finally, Loop Capital decreased their target price on shares of Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.75.

Owens Corning Price Performance

NYSE:OC traded down $0.77 during mid-day trading on Monday, reaching $180.23. The stock had a trading volume of 228,735 shares, compared to its average volume of 660,625. The stock has a 50-day simple moving average of $182.04 and a two-hundred day simple moving average of $178.77. The stock has a market capitalization of $15.46 billion, a PE ratio of 15.35, a P/E/G ratio of 2.01 and a beta of 1.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. Owens Corning has a 12 month low of $138.70 and a 12 month high of $214.53.

Owens Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be paid a $0.69 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a yield of 1.53%. Owens Corning's dividend payout ratio (DPR) is 23.49%.

Insider Activity at Owens Corning

In other Owens Corning 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 transaction of $321,947.50. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, insider Gunner Smith sold 17,450 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the sale, the insider now directly owns 18,866 shares in the company, valued at approximately $3,606,990.54. The trade was a 48.05 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

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.