Capital Fund Management S.A. Trims Stake in Owens Corning (NYSE:OC)

Capital Fund Management S.A. trimmed its position in shares of Owens Corning (NYSE:OC - Free Report) by 52.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,192 shares of the construction company's stock after selling 22,155 shares during the quarter. Capital Fund Management S.A.'s holdings in Owens Corning were worth $3,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Owens Corning in the fourth quarter worth $28,000. Venturi Wealth Management LLC increased its stake in Owens Corning by 55.8% in the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after buying an additional 63 shares during the period. Global Trust Asset Management LLC bought a new stake in Owens Corning during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB boosted 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 buying an additional 122 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Owens Corning in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 88.40% of the company's stock.

Analyst Upgrades and Downgrades

OC has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Owens Corning from $212.00 to $199.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on Owens Corning in a report on Tuesday, April 1st. They issued a "buy" rating and a $183.00 target price for the company. Citigroup cut their price target on Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Benchmark reaffirmed a "hold" rating on shares of Owens Corning in a research note on Monday, March 3rd. Finally, Barclays cut their target price on shares of Owens Corning from $215.00 to $179.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Owens Corning presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.58.

Insider Buying and Selling

In related news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is currently owned by company insiders.

Owens Corning Stock Up 1.0 %

NYSE:OC traded up $1.35 during mid-day trading on Friday, hitting $137.98. 1,891,879 shares of the company's stock traded hands, compared to its average volume of 808,443. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44. The company has a market capitalization of $11.80 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.88 and a beta of 1.39. The company has a fifty day moving average of $148.43 and a 200 day moving average of $172.23. Owens Corning has a twelve month low of $123.41 and a twelve month high of $214.53.

Owens Corning (NYSE:OC - Get Free Report) last announced 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 analyst estimates of $2.88 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. Owens Corning's revenue was up 23.3% on a year-over-year basis. During the same period last year, the firm posted $3.21 EPS. On average, analysts forecast that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 10th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, March 10th. Owens Corning's payout ratio is 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.