Owens Corning (NYSE:OC) Shares Sold by BOS Asset Management LLC

BOS Asset Management LLC reduced its holdings in shares of Owens Corning (NYSE:OC) by 10.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,410 shares of the construction company’s stock after selling 501 shares during the period. BOS Asset Management LLC’s holdings in Owens Corning were worth $751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in shares of Owens Corning during the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC grew its holdings in 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 acquiring an additional 63 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Owens Corning during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB increased its position in shares of 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 purchasing an additional 122 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Owens Corning in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OC shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Owens Corning in a research note on Tuesday, April 1st. They set a “buy” rating and a $183.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on Owens Corning from $200.00 to $176.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. StockNews.com lowered Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup lowered their price target on Owens Corning from $212.00 to $207.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Loop Capital cut their price objective on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.58.

Insider Buying and Selling

In related news, insider Monaco Nicolas Del sold 1,750 shares of the business’s 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 sale, the insider now owns 11,635 shares of the company’s stock, valued at approximately $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.82% of the stock is currently owned by corporate insiders.

Owens Corning Trading Up 1.0 %

NYSE OC opened at $137.98 on Friday. Owens Corning has a one year low of $123.41 and a one year high of $214.53. The firm has a market cap of $11.80 billion, a PE ratio of 11.74, a P/E/G ratio of 1.88 and a beta of 1.39. The firm’s fifty day moving average is $148.43 and its two-hundred day moving average is $172.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. Owens Corning’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts expect that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 10th were paid a $0.69 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.00%. Owens Corning’s dividend payout ratio (DPR) is presently 37.70%.

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.