Owens Corning Inc (NYSE:OC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Owens Corning Inc (NYSE:OC - Free Report) by 21.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 264,719 shares of the construction company's stock after selling 73,269 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.31% of Owens Corning worth $37,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Owens Corning during the 4th quarter worth approximately $34,000. IFP Advisors Inc raised its position in shares of Owens Corning by 35.6% during the 4th quarter. IFP Advisors Inc now owns 236 shares of the construction company's stock worth $40,000 after purchasing an additional 62 shares during the period. Assetmark Inc. raised its position in shares of Owens Corning by 195.1% during the 4th quarter. Assetmark Inc. now owns 239 shares of the construction company's stock worth $41,000 after purchasing an additional 158 shares during the period. Bessemer Group Inc. raised its position in shares of Owens Corning by 45.5% during the 4th quarter. Bessemer Group Inc. now owns 339 shares of the construction company's stock worth $57,000 after purchasing an additional 106 shares during the period. Finally, Synergy Investment Management LLC acquired a new stake in shares of Owens Corning during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 88.40% of the company's stock.

Owens Corning Trading Up 0.6%

Shares of NYSE:OC opened at $138.08 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.93 and a current ratio of 1.44. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 3.62 and a beta of 1.34. Owens Corning Inc has a 1-year low of $123.41 and a 1-year high of $214.53. The company has a 50 day moving average price of $138.06 and a 200 day moving average price of $154.33.

Owens Corning (NYSE:OC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Owens Corning had a return on equity of 25.03% and a net margin of 2.28%. The company's revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company posted $3.40 EPS. On average, research analysts anticipate that Owens Corning Inc will post 15.49 EPS for the current fiscal year.

Owens Corning declared that its board has authorized a stock repurchase program on Wednesday, May 14th that permits the company to buyback 12,000,000 outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Monday, July 21st will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, July 21st. Owens Corning's payout ratio is 97.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OC shares. Loop Capital dropped their price target on Owens Corning from $203.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on Owens Corning in a research report on Tuesday, April 1st. They set a "buy" rating and a $183.00 price target on the stock. Royal Bank Of Canada dropped their price target 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. Wells Fargo & Company increased their price target on Owens Corning from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, Evercore ISI set a $165.00 price objective on Owens Corning in a report on Thursday, May 15th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Owens Corning has an average rating of "Moderate Buy" and a consensus target price of $183.80.

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.

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