B. Metzler seel. Sohn & Co. AG Trims Stock Position in Owens Corning Inc $OC

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in Owens Corning by 82.8% in Q4, selling 13,370 shares and retaining 2,774 shares valued at $310,000.
• Other institutional moves were mixed: JPMorgan nearly doubled its position (+99.4%) to 911,334 shares and Ashton Thomas raised holdings by 231.4%, with institutional investors owning 88.40% of the company.
• Owens Corning missed Q4 estimates (EPS $1.10 vs. $1.36; revenue $2.14B, down 16.8% YoY), but analysts keep a consensus "Moderate Buy" and $145.09 target; the firm pays a $0.79 quarterly dividend (≈2.5% yield).

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Owens Corning Inc (NYSE:OC - Free Report) by 82.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,774 shares of the construction company's stock after selling 13,370 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Owens Corning were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC increased its position in Owens Corning by 231.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 48,843 shares of the construction company's stock worth $6,909,000 after purchasing an additional 34,106 shares in the last quarter. JPMorgan Chase & Co. increased its position in Owens Corning by 99.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 911,334 shares of the construction company's stock worth $128,917,000 after purchasing an additional 454,382 shares in the last quarter. Caprock Group LLC purchased a new stake in Owens Corning during the 3rd quarter worth about $1,742,000. Rakuten Investment Management Inc. purchased a new stake in Owens Corning during the 3rd quarter worth about $8,135,000. Finally, National Pension Service increased its position in Owens Corning by 25.5% during the 3rd quarter. National Pension Service now owns 95,495 shares of the construction company's stock worth $13,509,000 after purchasing an additional 19,375 shares in the last quarter. Hedge funds and other institutional investors own 88.40% of the company's stock.

Analyst Ratings Changes

OC has been the subject of a number of recent research reports. Evercore set a $130.00 price objective on Owens Corning in a research report on Friday. Citigroup dropped their price objective on Owens Corning from $137.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company lifted their price objective on Owens Corning from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Royal Bank Of Canada set a $143.00 price objective on Owens Corning in a research report on Friday, January 9th. Finally, Zacks Research cut Owens Corning from a "hold" rating to a "strong sell" rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.09.

Owens Corning Stock Performance

NYSE OC opened at $125.82 on Tuesday. The firm has a market capitalization of $10.11 billion, a P/E ratio of -19.66, a P/E/G ratio of 2.22 and a beta of 1.35. Owens Corning Inc has a 1-year low of $97.53 and a 1-year high of $159.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.26 and a quick ratio of 0.70. The business's 50-day simple moving average is $114.87 and its 200-day simple moving average is $117.17.

Owens Corning (NYSE:OC - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.26). The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. Owens Corning had a negative net margin of 5.17% and a positive return on equity of 21.93%. The business's revenue for the quarter was down 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.22 earnings per share. Equities analysts predict that Owens Corning Inc will post 9.39 EPS for the current year.

Owens Corning Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Monday, March 9th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $3.16 annualized dividend and a yield of 2.5%. Owens Corning's payout ratio is -49.38%.

Owens Corning Profile

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company's core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.

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