Deutsche Bank AG Sells 22,875 Shares of Owens Corning (NYSE:OC)

Deutsche Bank AG trimmed its stake in shares of Owens Corning (NYSE:OC - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 922,879 shares of the construction company's stock after selling 22,875 shares during the period. Deutsche Bank AG owned 1.08% of Owens Corning worth $157,185,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OC. FPC Investment Advisory Inc. purchased a new position in Owens Corning during the fourth quarter valued at $28,000. Venturi Wealth Management LLC grew its stake in Owens Corning by 55.8% during the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock valued at $30,000 after acquiring an additional 63 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Owens Corning during the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB grew its stake in Owens Corning by 193.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after acquiring an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Owens Corning during the fourth quarter valued at $34,000. 88.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OC has been the subject of a number of recent research reports. Loop Capital dropped their price objective on shares of Owens Corning from $203.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Owens Corning in a research note on Tuesday, April 1st. They issued a "buy" rating and a $183.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Owens Corning from $155.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group dropped their price objective on shares of Owens Corning from $235.00 to $218.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Royal Bank of Canada dropped their price objective on shares of Owens Corning from $199.00 to $184.00 and set an "outperform" rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $188.55.

Owens Corning Trading Up 5.0%

Shares of Owens Corning stock traded up $6.84 during trading on Monday, hitting $143.28. The stock had a trading volume of 1,032,136 shares, compared to its average volume of 823,098. The firm's fifty day simple moving average is $141.09 and its 200-day simple moving average is $167.53. The stock has a market cap of $12.19 billion, a PE ratio of 12.19, a PEG ratio of 1.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. Owens Corning has a 12 month low of $123.41 and a 12 month high of $214.53.

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

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.