Owens Corning (NYSE:OC) Shares Sold by Lodge Hill Capital LLC

Lodge Hill Capital LLC reduced its stake in shares of Owens Corning (NYSE:OC - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,210 shares of the construction company's stock after selling 9,490 shares during the quarter. Owens Corning comprises about 5.0% of Lodge Hill Capital LLC's investment portfolio, making the stock its 8th largest holding. Lodge Hill Capital LLC owned 0.12% of Owens Corning worth $18,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in shares of Owens Corning in the fourth quarter valued at $28,000. Venturi Wealth Management LLC boosted its position in shares of Owens Corning by 55.8% in the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock valued at $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC purchased a new position in Owens Corning in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB raised its holdings in Owens Corning by 193.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock worth $32,000 after buying an additional 122 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in Owens Corning during the fourth quarter valued at about $34,000. Institutional investors own 88.40% of the company's stock.

Owens Corning Price Performance

Shares of OC stock traded up $1.35 during mid-day trading on Friday, reaching $137.98. The company's stock had a trading volume of 1,891,879 shares, compared to its average volume of 809,392. 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 firm's 50-day moving average is $148.43 and its two-hundred day moving average is $172.23. Owens Corning has a 1-year low of $123.41 and a 1-year high of $214.53. The company has a market cap of $11.80 billion, a P/E ratio of 11.74, a PEG ratio of 1.88 and a beta of 1.39.

Owens Corning (NYSE:OC - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $0.35. The company had revenue of $2.84 billion for 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 period in the previous year, the business earned $3.21 earnings per share. On average, research analysts predict that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, March 10th. This represents a $2.76 annualized dividend and a yield of 2.00%. Owens Corning's dividend payout ratio is 37.70%.

Wall Street Analyst Weigh In

OC has been the subject of several research reports. Loop Capital reduced their price target on Owens Corning from $215.00 to $210.00 and set a "buy" rating for the company in a report on Friday, January 10th. Citigroup cut their price target on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Barclays reduced their price target on Owens Corning from $215.00 to $179.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Owens Corning from $200.00 to $176.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, UBS Group dropped their price target on shares of Owens Corning from $245.00 to $235.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Owens Corning has a consensus rating of "Moderate Buy" and a consensus target price of $194.58.

Insider Activity

In related news, insider Monaco Nicolas Del sold 1,750 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Owens Corning 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.