HB Wealth Management LLC Takes $272,000 Position in Owens Corning (NYSE:OC)

HB Wealth Management LLC bought a new stake in shares of Owens Corning (NYSE:OCFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,600 shares of the construction company’s stock, valued at approximately $272,000.

Several other large investors have also bought and sold shares of the company. Trium Capital LLP boosted its stake in Owens Corning by 10.0% during the fourth quarter. Trium Capital LLP now owns 8,652 shares of the construction company’s stock valued at $1,474,000 after buying an additional 784 shares in the last quarter. Merit Financial Group LLC bought a new position in Owens Corning during the fourth quarter valued at about $573,000. Wealthcare Advisory Partners LLC bought a new position in Owens Corning during the fourth quarter valued at about $226,000. Avanza Fonder AB bought a new position in Owens Corning during the fourth quarter valued at about $1,584,000. Finally, Ritholtz Wealth Management boosted its stake in Owens Corning by 2.9% during the fourth quarter. Ritholtz Wealth Management now owns 16,399 shares of the construction company’s stock valued at $2,793,000 after buying an additional 466 shares in the last quarter. Institutional investors own 88.40% of the company’s stock.

Insider Buying and Selling

In other news, insider Gunner Smith sold 17,450 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the transaction, the insider now owns 18,866 shares in the company, valued at $3,606,990.54. This represents a 48.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OC has been the subject of several research reports. The Goldman Sachs Group raised their target price on Owens Corning from $178.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group increased their price target on Owens Corning from $197.00 to $218.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price target on Owens Corning from $213.00 to $217.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company upgraded Owens Corning from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $195.00 to $225.00 in a research report on Tuesday, December 17th. Finally, Loop Capital decreased their price target on Owens Corning from $215.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.75.

View Our Latest Research Report on Owens Corning

Owens Corning Stock Down 0.0 %

OC stock opened at $187.70 on Friday. The company has a 50 day moving average of $185.37 and a two-hundred day moving average of $177.96. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.05 and a beta of 1.46. Owens Corning has a 12-month low of $138.70 and a 12-month high of $214.53. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.

Owens Corning (NYSE:OCGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.33. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company earned $4.15 earnings per share. Owens Corning’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts anticipate that Owens Corning will post 15.47 earnings per share for the current fiscal year.

Owens Corning Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.69 dividend. This is a boost from Owens Corning’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.76 annualized dividend and a dividend yield of 1.47%. Owens Corning’s payout ratio is presently 23.49%.

Owens Corning Company 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.

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Institutional Ownership by Quarter for Owens Corning (NYSE:OC)

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