Virtu Financial LLC Buys Shares of 4,359 Owens Corning (NYSE:OC)

Virtu Financial LLC purchased a new position in Owens Corning (NYSE:OC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,359 shares of the construction company's stock, valued at approximately $742,000.

Several other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Owens Corning during the fourth quarter worth $28,000. Venturi Wealth Management LLC grew its stake in Owens Corning by 55.8% during the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock valued at $30,000 after acquiring an additional 63 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Owens Corning in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB raised its holdings 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 acquiring an additional 122 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Owens Corning in the 4th quarter worth approximately $34,000. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Owens Corning

In other news, insider Monaco Nicolas Del sold 1,750 shares of the company's 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 completion of the sale, the insider now owns 11,635 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 0.89% of the stock is currently owned by company insiders.

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Owens Corning Stock Down 0.3 %

NYSE:OC traded down $0.45 during trading hours on Thursday, hitting $147.25. The company's stock had a trading volume of 602,356 shares, compared to its average volume of 749,137. The stock has a market capitalization of $12.60 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.52. 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 fifty day moving average of $165.43 and a 200-day moving average of $176.25. Owens Corning has a 52-week low of $137.50 and a 52-week high of $214.53.

Owens Corning (NYSE:OC - Get Free Report) last issued its earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.35. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The company's revenue for the quarter was up 23.3% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, March 10th. Owens Corning's payout ratio is currently 37.70%.

Analyst Ratings Changes

A number of brokerages have issued reports on OC. StockNews.com downgraded Owens Corning from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Barclays reduced their target price on shares of Owens Corning from $245.00 to $215.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. 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 note on Friday, January 10th. UBS Group reduced 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. Finally, Wells Fargo & Company lowered their price objective on Owens Corning from $225.00 to $200.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.18.

About Owens Corning

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.