1,873 Shares in Owens Corning (NYSE:OC) Purchased by Park Capital Management LLC WI

Park Capital Management LLC WI acquired a new stake in Owens Corning (NYSE:OC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,873 shares of the construction company's stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpha DNA Investment Management LLC lifted its position in Owens Corning by 147.4% in the third quarter. Alpha DNA Investment Management LLC now owns 4,270 shares of the construction company's stock worth $754,000 after buying an additional 2,544 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Owens Corning by 3.1% in the third quarter. Janus Henderson Group PLC now owns 6,744 shares of the construction company's stock worth $1,189,000 after purchasing an additional 200 shares during the last quarter. Penserra Capital Management LLC grew its position in Owens Corning by 53.3% in the 3rd quarter. Penserra Capital Management LLC now owns 4,726 shares of the construction company's stock valued at $832,000 after acquiring an additional 1,643 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Owens Corning by 93.3% in the third quarter. Atria Investments Inc now owns 13,200 shares of the construction company's stock worth $2,330,000 after purchasing an additional 6,373 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Owens Corning during the third quarter worth approximately $1,046,000. Hedge funds and other institutional investors own 88.40% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays upgraded Owens Corning from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $192.00 to $245.00 in a report on Wednesday, December 11th. UBS Group increased their target price on shares of Owens Corning from $197.00 to $218.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Evercore ISI increased their price target on Owens Corning from $189.00 to $196.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Owens Corning from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th. Finally, Royal Bank of Canada increased their price target on shares of Owens Corning from $213.00 to $217.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.91.

Owens Corning Stock Up 0.8 %

Shares of NYSE OC traded up $1.40 during mid-day trading on Friday, reaching $179.44. The company had a trading volume of 775,359 shares, compared to its average volume of 684,998. The firm has a 50 day simple moving average of $179.67 and a two-hundred day simple moving average of $178.72. Owens Corning has a 52-week low of $138.70 and a 52-week high of $214.53. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The stock has a market cap of $15.39 billion, a P/E ratio of 15.27, a PEG ratio of 2.01 and a beta of 1.46.

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 $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, March 10th. Owens Corning's payout ratio is currently 23.49%.

Insider Activity at Owens Corning

In related news, insider Monaco Nicolas Del sold 1,750 shares of the 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 completion of the transaction, the insider now directly owns 11,635 shares of the company's stock, valued at $2,140,490.95. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gunner Smith sold 17,450 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $191.19, for a total value of $3,336,265.50. Following the completion of the sale, the insider now directly owns 18,866 shares of the company's stock, valued at $3,606,990.54. This represents a 48.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.

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.