4,068 Shares in Owens Corning (NYSE:OC) Purchased by Stephens Inc. AR

Stephens Inc. AR purchased a new position in shares of Owens Corning (NYSE:OC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,068 shares of the construction company's stock, valued at approximately $718,000.

Several other large investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. raised its holdings in Owens Corning by 794.1% during the 2nd quarter. ST Germain D J Co. Inc. now owns 152 shares of the construction company's stock valued at $26,000 after acquiring an additional 135 shares during the period. ORG Partners LLC bought a new position in Owens Corning in the 1st quarter worth about $31,000. Innealta Capital LLC purchased a new position in Owens Corning during the 2nd quarter valued at about $32,000. Tobam increased its position in shares of Owens Corning by 115.7% during the second quarter. Tobam now owns 192 shares of the construction company's stock valued at $33,000 after buying an additional 103 shares during the period. Finally, Quarry LP lifted its holdings in shares of Owens Corning by 165.5% in the second quarter. Quarry LP now owns 231 shares of the construction company's stock worth $40,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 88.40% of the company's stock.

Owens Corning Trading Up 1.1 %

NYSE:OC traded up $2.08 during trading hours on Wednesday, reaching $184.64. The company's stock had a trading volume of 1,450,076 shares, compared to its average volume of 681,859. The firm has a 50-day simple moving average of $174.60 and a 200-day simple moving average of $173.28. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.37. Owens Corning has a 1 year low of $120.17 and a 1 year high of $191.44. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.20 and a beta of 1.41.

Owens Corning (NYSE:OC - Get Free Report) last released its earnings results on Tuesday, August 6th. The construction company reported $4.64 earnings per share for the quarter, beating analysts' consensus estimates of $4.37 by $0.27. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.92 billion. Owens Corning had a return on equity of 26.33% and a net margin of 10.66%. Owens Corning's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.22 EPS. Research analysts expect that Owens Corning will post 15.34 EPS for the current fiscal year.

Owens Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, October 18th. Owens Corning's dividend payout ratio (DPR) is presently 20.32%.

Insider Transactions at Owens Corning

In related news, insider Marcio A. Sandri sold 3,050 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $170.00, for a total transaction of $518,500.00. Following the completion of the sale, the insider now directly owns 60,130 shares in the company, valued at $10,222,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Marcio A. Sandri sold 3,050 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $170.00, for a total transaction of $518,500.00. Following the transaction, the insider now owns 60,130 shares in the company, valued at $10,222,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marcio A. Sandri sold 3,051 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $176.50, for a total value of $538,501.50. Following the completion of the sale, the insider now owns 57,079 shares of the company's stock, valued at approximately $10,074,443.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

OC has been the subject of several recent analyst reports. Citigroup raised shares of Owens Corning from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $178.00 to $191.00 in a research note on Thursday, July 11th. UBS Group lifted their price objective on Owens Corning from $192.00 to $197.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Wells Fargo & Company upped their target price on Owens Corning from $165.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Barclays dropped their price target on Owens Corning from $190.00 to $189.00 and set an "equal weight" rating for the company in a research report on Friday, July 12th. Finally, Benchmark restated a "hold" rating on shares of Owens Corning in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $187.77.

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.