Axa S.A. Raises Holdings in Owens Corning (NYSE:OC)

Axa S.A. raised its holdings in Owens Corning (NYSE:OC - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,250 shares of the construction company's stock after purchasing an additional 5,239 shares during the quarter. Axa S.A. owned about 0.06% of Owens Corning worth $8,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Owens Corning by 23.3% in the 3rd quarter. Barclays PLC now owns 125,756 shares of the construction company's stock valued at $22,197,000 after purchasing an additional 23,787 shares in the last quarter. Synovus Financial Corp acquired a new stake in Owens Corning during the third quarter worth approximately $337,000. Franklin Resources Inc. increased its stake in Owens Corning by 5.3% in the third quarter. Franklin Resources Inc. now owns 444,748 shares of the construction company's stock valued at $83,381,000 after purchasing an additional 22,500 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Owens Corning by 88.1% in the fourth quarter. Versant Capital Management Inc now owns 380 shares of the construction company's stock worth $65,000 after acquiring an additional 178 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Owens Corning by 33.4% during the 4th quarter. GAMMA Investing LLC now owns 2,015 shares of the construction company's stock valued at $343,000 after buying an additional 505 shares during the period. 88.40% of the stock is owned by hedge funds and other institutional investors.

Owens Corning Stock Down 2.3 %

Shares of NYSE:OC opened at $144.41 on Tuesday. The company's fifty day moving average is $142.26 and its 200-day moving average is $169.12. 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 has a 52 week low of $123.41 and a 52 week high of $214.53. The company has a market capitalization of $12.35 billion, a PE ratio of 12.29, a P/E/G ratio of 1.88 and a beta of 1.44.

Owens Corning (NYSE:OC - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.35. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The company's revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the business posted $3.21 earnings per share. Equities research analysts predict that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Monday, March 10th. Owens Corning's dividend payout ratio (DPR) is presently 37.70%.

Insider Activity at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $183.97, for a total value of $321,947.50. Following the transaction, the insider now owns 11,635 shares of the company's stock, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

OC has been the subject of several analyst reports. Benchmark restated a "hold" rating on shares of Owens Corning in a research note on Monday, March 3rd. Citigroup reduced their price target on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Barclays reduced their price objective on Owens Corning from $215.00 to $179.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their target price on Owens Corning from $200.00 to $155.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Owens Corning from $200.00 to $176.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.73.

Owens Corning Company 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.

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