Natixis Buys Shares of 19,991 Owens Corning (NYSE:OC)

Natixis bought a new position in shares of Owens Corning (NYSE:OC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,991 shares of the construction company's stock, valued at approximately $3,405,000.

Several other hedge funds have also added to or reduced their stakes in OC. FPC Investment Advisory Inc. acquired a new position in shares of Owens Corning in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its position in shares of Owens Corning by 55.8% in the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock worth $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Owens Corning in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of Owens Corning by 193.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock worth $32,000 after purchasing an additional 122 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Owens Corning in the 4th quarter worth approximately $34,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on OC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Owens Corning in a research report on Tuesday, April 1st. They issued a "buy" rating and a $183.00 price target on the stock. Loop Capital dropped their price target on shares of Owens Corning from $215.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada dropped their target price on shares of Owens Corning from $212.00 to $199.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. UBS Group dropped their target price on shares of Owens Corning from $245.00 to $235.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Finally, Barclays dropped their target price on shares of Owens Corning from $215.00 to $179.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Five investment 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 presently has an average rating of "Moderate Buy" and an average target price of $195.73.

Owens Corning Stock Down 0.0 %

OC stock traded down $0.01 during midday trading on Friday, reaching $143.95. 871,331 shares of the company's stock traded hands, compared to its average volume of 808,779. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.88 and a beta of 1.39. The firm's fifty day moving average price is $144.56 and its 200-day moving average price is $170.86. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. Owens Corning has a 52 week low of $123.41 and a 52 week high of $214.53.

Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $0.35. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. Owens Corning's quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.21 EPS. As a group, sell-side analysts forecast that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.76 annualized dividend and a dividend yield of 1.92%. Owens Corning's payout ratio is 37.70%.

Insider Transactions at Owens Corning

In other news, insider Monaco Nicolas Del sold 1,750 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the completion of the sale, the insider now owns 11,635 shares in the company, valued at $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.82% of the company's stock.

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.