Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Owens Corning Inc $OC

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Owens Corning Inc (NYSE:OC - Free Report) by 30.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,860 shares of the construction company's stock after selling 23,681 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Owens Corning worth $5,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Pitcairn Co. grew its stake in shares of Owens Corning by 4.6% during the 2nd quarter. Pitcairn Co. now owns 1,821 shares of the construction company's stock valued at $250,000 after buying an additional 80 shares during the period. Archer Investment Corp grew its stake in shares of Owens Corning by 13.3% during the 3rd quarter. Archer Investment Corp now owns 748 shares of the construction company's stock valued at $106,000 after buying an additional 88 shares during the period. Pallas Capital Advisors LLC grew its stake in shares of Owens Corning by 2.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 3,997 shares of the construction company's stock valued at $447,000 after buying an additional 104 shares during the period. Park Avenue Securities LLC grew its stake in shares of Owens Corning by 7.2% during the 3rd quarter. Park Avenue Securities LLC now owns 1,652 shares of the construction company's stock valued at $234,000 after buying an additional 111 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Owens Corning by 0.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 14,303 shares of the construction company's stock valued at $1,626,000 after buying an additional 117 shares during the period. 88.40% of the stock is owned by hedge funds and other institutional investors.

Owens Corning Stock Up 0.2%

OC stock opened at $125.82 on Tuesday. Owens Corning Inc has a 12 month low of $97.53 and a 12 month high of $159.42. The firm has a market cap of $10.11 billion, a PE ratio of -19.66, a P/E/G ratio of 2.22 and a beta of 1.35. The firm has a 50 day simple moving average of $114.87 and a 200 day simple moving average of $117.17. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.26 and a quick ratio of 0.70.

Owens Corning (NYSE:OC - Get Free Report) last issued 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 during 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 firm's revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.22 EPS. Equities research analysts forecast that Owens Corning Inc will post 9.39 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OC. Royal Bank Of Canada set a $143.00 price target on shares of Owens Corning in a research report on Friday, January 9th. Zacks Research cut shares of Owens Corning from a "hold" rating to a "strong sell" rating in a research report on Monday, March 16th. Barclays decreased their price target on shares of Owens Corning from $138.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. 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. Finally, Wells Fargo & Company boosted their price objective on shares of Owens Corning from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $145.09.

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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