Hillsdale Investment Management Inc. Buys 200 Shares of Owens Corning (NYSE:OC)

Hillsdale Investment Management Inc. boosted its position in Owens Corning (NYSE:OC) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,580 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Owens Corning were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Owens Corning during the fourth quarter valued at about $742,000. Quantbot Technologies LP boosted its holdings in shares of Owens Corning by 8,734.3% during the 4th quarter. Quantbot Technologies LP now owns 6,184 shares of the construction company’s stock valued at $1,053,000 after buying an additional 6,114 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Owens Corning during the fourth quarter valued at approximately $307,000. HUB Investment Partners LLC boosted its holdings in Owens Corning by 59.3% in the fourth quarter. HUB Investment Partners LLC now owns 3,120 shares of the construction company’s stock worth $531,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Magnetar Financial LLC boosted its stake in Owens Corning by 60.9% in the 4th quarter. Magnetar Financial LLC now owns 6,250 shares of the construction company’s stock worth $1,064,000 after purchasing an additional 2,365 shares in the last quarter. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Owens Corning Stock Down 1.8 %

Shares of NYSE:OC opened at $144.49 on Monday. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.88 and a beta of 1.52. Owens Corning has a 12 month low of $137.50 and a 12 month 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 company has a 50-day moving average price of $167.56 and a 200 day moving average price of $176.76.

Owens Corning (NYSE:OC) last posted its quarterly earnings data 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. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the company earned $3.21 EPS. As a group, equities 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 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 10th. Owens Corning’s dividend payout ratio (DPR) is 37.70%.

Insider Activity

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the business’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 transaction, the insider now owns 11,635 shares in the company, valued at $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Owens Corning from $200.00 to $176.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of Owens Corning in a research note on Monday, March 3rd. Loop Capital cut their price objective on Owens Corning from $215.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 10th. 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 note on Tuesday, February 25th. Finally, StockNews.com lowered shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.18.

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.