Crossmark Global Holdings Inc. Has $3.86 Million Stock Holdings in Owens Corning (NYSE:OC)

Crossmark Global Holdings Inc. decreased its stake in Owens Corning (NYSE:OC) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,189 shares of the construction company’s stock after selling 2,396 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Owens Corning were worth $3,855,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OC. SG Americas Securities LLC grew its stake in shares of Owens Corning by 102.0% in the 2nd quarter. SG Americas Securities LLC now owns 41,525 shares of the construction company’s stock valued at $7,214,000 after buying an additional 20,971 shares in the last quarter. Hsbc Holdings PLC grew its position in Owens Corning by 66.0% in the fourth quarter. Hsbc Holdings PLC now owns 213,643 shares of the construction company’s stock worth $31,692,000 after acquiring an additional 84,958 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Owens Corning by 14.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 112,356 shares of the construction company’s stock worth $18,741,000 after purchasing an additional 14,011 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Owens Corning by 11.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 42,827 shares of the construction company’s stock valued at $6,348,000 after purchasing an additional 4,259 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of Owens Corning by 452.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 19,129 shares of the construction company’s stock valued at $2,835,000 after purchasing an additional 15,667 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

Owens Corning Stock Up 1.4 %

Shares of OC opened at $168.78 on Friday. Owens Corning has a 52 week low of $109.95 and a 52 week high of $191.13. The firm has a market capitalization of $14.63 billion, a P/E ratio of 13.67, a P/E/G ratio of 3.15 and a beta of 1.42. The company has a 50-day simple moving average of $169.47 and a 200-day simple moving average of $167.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.37.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $4.64 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.27. Owens Corning had a return on equity of 26.33% and a net margin of 10.66%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.92 billion. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $4.22 EPS. On average, equities research analysts expect that Owens Corning will post 15.38 earnings per share for the current year.

Owens Corning Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 15th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Monday, July 15th. Owens Corning’s dividend payout ratio is 19.43%.

Insider Transactions at Owens Corning

In other news, CFO Todd W. Fister sold 3,000 shares of Owens Corning stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $173.65, for a total value of $520,950.00. Following the completion of the transaction, the chief financial officer now owns 31,626 shares in the company, valued at $5,491,854.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Todd W. Fister sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $173.65, for a total transaction of $520,950.00. Following the sale, the chief financial officer now directly owns 31,626 shares of the company’s stock, valued at $5,491,854.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mari Doerfler sold 240 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $182.05, for a total value of $43,692.00. Following the completion of the transaction, the vice president now owns 4,954 shares in the company, valued at approximately $901,875.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,240 shares of company stock valued at $1,107,192. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OC shares. Jefferies Financial Group initiated coverage on shares of Owens Corning in a research report on Wednesday, May 22nd. They set a “buy” rating and a $215.00 target price on the stock. StockNews.com lowered Owens Corning from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI reduced their target price on Owens Corning from $188.00 to $175.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Barclays lowered their price target on Owens Corning from $190.00 to $189.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Finally, Citigroup upgraded shares of Owens Corning from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $178.00 to $191.00 in a research note on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $184.23.

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.