Bokf Na Sells 6,897 Shares of Owens Corning (NYSE:OC)

BOKF NA lessened its position in Owens Corning (NYSE:OC - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,508 shares of the construction company's stock after selling 6,897 shares during the quarter. BOKF NA's holdings in Owens Corning were worth $3,939,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of OC. FPC Investment Advisory Inc. bought a new position in shares of Owens Corning in the 4th quarter valued at about $28,000. Venturi Wealth Management LLC grew its holdings in Owens Corning by 55.8% during the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC acquired a new position in Owens Corning during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB raised its stake in Owens Corning by 193.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after buying an additional 122 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Owens Corning during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Owens Corning Price Performance

Owens Corning stock traded up $0.90 during trading hours on Tuesday, reaching $144.15. 287,063 shares of the stock were exchanged, compared to its average volume of 821,027. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. Owens Corning has a twelve month low of $123.41 and a twelve month high of $214.53. The company has a market cap of $12.26 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.88 and a beta of 1.44. The stock has a 50 day moving average of $141.09 and a two-hundred day moving average of $167.53.

Owens Corning (NYSE:OC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.15. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the business posted $3.40 EPS. Equities analysts expect that Owens Corning will post 15.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OC shares. Barclays reduced their price objective on shares of Owens Corning from $179.00 to $167.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Owens Corning in a research report on Tuesday, April 1st. They set a "buy" rating and a $183.00 price objective for the company. Benchmark reiterated a "hold" rating on shares of Owens Corning in a research note on Monday, March 3rd. Royal Bank of Canada lowered their price objective on Owens Corning from $199.00 to $184.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, UBS Group reduced their target price on shares of Owens Corning from $235.00 to $218.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $188.55.

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.