18 hours Ago By ABMN Staff
LPL Financial LLC raised its position in Owens Corning ( NYSE:OC – Free Report ) by 43.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,747 shares of the construction company’s stock after acquiring an additional 23,427 shares during the quarter.
LPL Financial LLC’s holdings in Owens Corning were worth $13,072,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors raised its position in shares of Owens Corning by 20.
9% in the third quarter. Captrust Financial Advisors now owns 15,113 shares of the construction company’s stock valued at $2,668,000 after buying an additional 2,613 shares during the last quarter. Verition Fund Management LLC lifted its stake in Owens Corning by 24.
7% in the 3rd quarter. Verition Fund Management LLC now owns 15,516 shares of the construction company’s stock worth $2,739,000 after purchasing an additional 3,070 shares in the last quarter. Centiva Capital LP boosted its holdings in shares of Owens Corning by 68.
2% during the 3rd quarter. Centiva Capital LP now owns 8,040 shares of the construction company’s stock worth $1,419,000 after purchasing an additional 3,261 shares during the last quarter. Hilltop Holdings Inc.
purchased a new stake in shares of Owens Corning in the third quarter valued at approximately $364,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Owens Corning by 3.1% in the third quarter.
Janus Henderson Group PLC now owns 6,744 shares of the construction company’s stock valued at $1,189,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.
Analyst Ratings Changes A number of equities analysts have weighed in on the company. Citigroup lowered their price objective on Owens Corning from $212.00 to $207.
00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Owens Corning from $200.
00 to $176.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. 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. Benchmark reissued a “hold” rating on shares of Owens Corning in a research note on Monday, March 3rd.
Finally, 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.
Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Owens Corning currently has a consensus rating of “Moderate Buy” and an average price target of $202.
42. Insider Activity In related news, insider Monaco Nicolas Del sold 1,750 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were 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 approximately $2,140,490.
95. The trade was a 13.07 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Insiders own 0.82% of the company’s stock.
Owens Corning Trading Up 2.2 % Shares of NYSE OC opened at $147.20 on Thursday.
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 market capitalization of $12.59 billion, a PE ratio of 12.
53, a PEG ratio of 1.88 and a beta of 1.52.
Owens Corning has a twelve month low of $137.50 and a twelve month high of $214.53.
The stock has a fifty day simple moving average of $162.15 and a 200-day simple moving average of $175.91.
Owens Corning ( NYSE:OC – Get Free Report ) last released its earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share 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 company had revenue of $2.
84 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the company posted $3.
21 EPS. Owens Corning’s revenue was up 23.3% compared to the same quarter last year.
On average, equities analysts forecast that Owens Corning will post 15.49 earnings per share for the current year. Owens Corning Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th.
Stockholders 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 dividend yield of 1.88%. The ex-dividend date is Monday, March 10th.
Owens Corning’s dividend payout ratio is currently 37.70%. Owens Corning Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding OC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Owens Corning ( NYSE:OC – Free Report ). Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter .
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