Russell Investments Group Ltd. Has $44.81 Million Holdings in Owens Corning (NYSE:OC)

Russell Investments Group Ltd. decreased its position in Owens Corning (NYSE:OC - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 302,260 shares of the construction company's stock after selling 13,334 shares during the quarter. Russell Investments Group Ltd. owned about 0.34% of Owens Corning worth $44,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sycomore Asset Management lifted its stake in shares of Owens Corning by 35.5% during the 4th quarter. Sycomore Asset Management now owns 22,960 shares of the construction company's stock worth $3,415,000 after purchasing an additional 6,012 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Owens Corning by 7.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,115 shares of the construction company's stock worth $462,000 after purchasing an additional 225 shares during the period. Alaska Permanent Fund Corp acquired a new stake in Owens Corning during the 4th quarter worth approximately $424,000. GAMMA Investing LLC purchased a new position in Owens Corning in the fourth quarter valued at approximately $156,000. Finally, Wedge Capital Management L L P NC grew its stake in Owens Corning by 26.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 63,250 shares of the construction company's stock worth $9,376,000 after buying an additional 13,053 shares during the period. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Owens Corning news, insider Gunner Smith sold 708 shares of the firm's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $153.73, for a total value of $108,840.84. Following the transaction, the insider now owns 39,994 shares of the company's stock, valued at $6,148,277.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Gunner Smith sold 708 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $153.73, for a total transaction of $108,840.84. Following the completion of the transaction, the insider now directly owns 39,994 shares in the company, valued at approximately $6,148,277.62. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian Chambers sold 9,100 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $153.57, for a total value of $1,397,487.00. Following the completion of the sale, the chief executive officer now owns 269,696 shares in the company, valued at $41,417,214.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,672 shares of company stock valued at $3,325,799. Company insiders own 0.90% of the company's stock.

Owens Corning Stock Down 2.0 %

Shares of Owens Corning stock traded down $3.51 during trading on Tuesday, reaching $168.17. The company had a trading volume of 445,220 shares, compared to its average volume of 672,707. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 5.27 and a beta of 1.47. Owens Corning has a fifty-two week low of $103.41 and a fifty-two week high of $173.65. The firm's fifty day moving average is $160.52 and its 200-day moving average is $146.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.76.

Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.55. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.28 billion. Owens Corning had a return on equity of 26.52% and a net margin of 11.53%. Owens Corning's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.77 earnings per share. On average, analysts anticipate that Owens Corning will post 14.74 EPS for the current year.

Owens Corning Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 annualized dividend and a yield of 1.43%. Owens Corning's payout ratio is 19.43%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Owens Corning from $169.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Argus increased their target price on Owens Corning from $175.00 to $182.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Barclays cut Owens Corning from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $170.00 to $160.00 in a report on Monday, February 12th. Royal Bank of Canada boosted their target price on shares of Owens Corning from $175.00 to $192.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Owens Corning from $164.00 to $163.00 and set a "neutral" rating for the company in a report on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $168.21.

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.