United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 4,000 Owens Corning (NYSE:OC)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Owens Corning (NYSE:OC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,000 shares of the construction company's stock, valued at approximately $681,000.

A number of other large investors have also recently added to or reduced their stakes in OC. FPC Investment Advisory Inc. acquired a new position in shares of Owens Corning during the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its stake in shares of Owens Corning by 55.8% during 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 last quarter. Global Trust Asset Management LLC bought a new stake in shares of Owens Corning during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB grew its stake 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 last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Owens Corning during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Insider Transactions at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $183.97, for a total transaction of $321,947.50. Following the transaction, the insider now directly owns 11,635 shares in the company, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several research firms recently weighed in on OC. Royal Bank of Canada reissued an "outperform" rating and set a $212.00 price target on shares of Owens Corning in a report on Monday, March 17th. StockNews.com downgraded Owens Corning from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Citigroup dropped their price objective on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Owens Corning from $225.00 to $200.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. Finally, Loop Capital dropped their price target on shares of Owens Corning from $215.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Owens Corning presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.18.

Owens Corning Price Performance

Shares of NYSE:OC traded down $4.51 during trading on Friday, hitting $142.64. 793,039 shares of the company were exchanged, compared to its average volume of 779,729. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. Owens Corning has a 1-year low of $137.50 and a 1-year high of $214.53. The company has a market capitalization of $12.20 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.52. The business's 50 day moving average is $164.63 and its 200-day moving average is $176.28.

Owens Corning (NYSE:OC - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the company earned $3.21 earnings per share. The business's quarterly revenue was up 23.3% on a year-over-year basis. Equities analysts forecast that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, March 10th. Owens Corning's payout ratio is currently 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.