Skylands Capital LLC Grows Position in Owens Corning Inc $OC

Key Points

• Skylands Capital increased its position in Owens Corning by 40% in Q4 to 138,020 shares (about $15.45M), making OC its 11th-largest holding and roughly 0.17% of the company.
• Analyst sentiment is mixed but leans positive: MarketBeat shows an average rating of "Moderate Buy" with an average price target of $145.09, while individual ratings range from Strong Buy to Sell.
• Owens Corning missed Q4 estimates (EPS $1.10 vs. $1.36 expected) with revenue down 16.8% YoY and a negative net margin, though it pays a quarterly dividend of $0.79 (≈2.5% yield).

Skylands Capital LLC increased its holdings in Owens Corning Inc (NYSE:OC - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,020 shares of the construction company's stock after acquiring an additional 39,435 shares during the quarter. Owens Corning makes up about 2.1% of Skylands Capital LLC's investment portfolio, making the stock its 11th largest position. Skylands Capital LLC owned approximately 0.17% of Owens Corning worth $15,446,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pitcairn Co. lifted its stake in Owens Corning by 4.6% in the second quarter. Pitcairn Co. now owns 1,821 shares of the construction company's stock worth $250,000 after acquiring an additional 80 shares during the period. Archer Investment Corp lifted its stake in Owens Corning by 13.3% in the third quarter. Archer Investment Corp now owns 748 shares of the construction company's stock worth $106,000 after acquiring an additional 88 shares during the period. Pallas Capital Advisors LLC lifted its stake in Owens Corning by 2.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,997 shares of the construction company's stock worth $447,000 after acquiring an additional 104 shares during the period. Park Avenue Securities LLC lifted its stake in Owens Corning by 7.2% in the third quarter. Park Avenue Securities LLC now owns 1,652 shares of the construction company's stock worth $234,000 after acquiring an additional 111 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its stake in Owens Corning by 0.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,303 shares of the construction company's stock worth $1,626,000 after acquiring an additional 117 shares during the period. 88.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OC shares. Argus raised shares of Owens Corning to a "strong-buy" rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a "sell (d+)" rating on shares of Owens Corning in a research report on Friday, March 27th. Zacks Research lowered shares of Owens Corning from a "hold" rating to a "strong sell" rating in a research report on Monday, March 16th. UBS Group increased their price target on shares of Owens Corning from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Finally, Bank of America decreased their price target on shares of Owens Corning from $140.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $145.09.

Owens Corning Stock Performance

OC stock opened at $125.82 on Tuesday. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of -19.66, a PEG ratio of 2.22 and a beta of 1.35. The firm has a 50-day simple moving average of $114.87 and a two-hundred day simple moving average of $117.17. Owens Corning Inc has a one year low of $97.53 and a one year high of $159.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.70 and a current ratio of 1.26.

Owens Corning (NYSE:OC - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.26). The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.22 earnings per share. On average, equities analysts forecast that Owens Corning Inc will post 9.39 EPS for the current fiscal year.

Owens Corning Announces Dividend

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

Owens Corning Company 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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