Owens Corning (NYSE:OC) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Owens Corning (NYSE:OC - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,481,937 shares of the construction company's stock after acquiring an additional 35,530 shares during the quarter. Victory Capital Management Inc. owned 1.67% of Owens Corning worth $219,668,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Owens Corning by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,130 shares of the construction company's stock valued at $1,205,000 after buying an additional 67 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Owens Corning by 42.2% in the fourth quarter. Blue Trust Inc. now owns 263 shares of the construction company's stock valued at $36,000 after buying an additional 78 shares in the last quarter. Caprock Group LLC boosted its holdings in Owens Corning by 3.7% in the fourth quarter. Caprock Group LLC now owns 2,214 shares of the construction company's stock valued at $328,000 after acquiring an additional 79 shares during the last quarter. VisionPoint Advisory Group LLC boosted its holdings in Owens Corning by 53.0% in the third quarter. VisionPoint Advisory Group LLC now owns 254 shares of the construction company's stock valued at $35,000 after acquiring an additional 88 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in Owens Corning by 2.8% in the fourth quarter. First Bank & Trust now owns 3,618 shares of the construction company's stock valued at $536,000 after acquiring an additional 98 shares during the last quarter. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Owens Corning

In related news, EVP Paula Russell sold 3,765 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $162.00, for a total value of $609,930.00. Following the completion of the sale, the executive vice president now directly owns 20,419 shares in the company, valued at approximately $3,307,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 sale, the insider now directly owns 39,994 shares in the company, valued at approximately $6,148,277.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paula Russell sold 3,765 shares of the company's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $162.00, for a total value of $609,930.00. Following the sale, the executive vice president now owns 20,419 shares of the company's stock, valued at $3,307,878. The disclosure for this sale can be found here. Insiders sold 12,572 shares of company stock worth $1,928,312 in the last ninety days. 0.89% of the stock is owned by company insiders.

Owens Corning Stock Up 3.0 %

Shares of NYSE:OC traded up $5.06 during trading on Thursday, hitting $173.14. 873,310 shares of the company were exchanged, compared to its average volume of 674,408. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 5.26 and a beta of 1.45. Owens Corning has a fifty-two week low of $103.41 and a fifty-two week high of $173.65. The firm has a fifty day moving average price of $161.54 and a two-hundred day moving average price of $147.21. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.50.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus raised their price target on Owens Corning from $175.00 to $182.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Truist Financial raised their price target on Owens Corning from $115.00 to $145.00 and gave the company a "hold" rating in a report on Thursday, February 15th. Loop Capital raised their target price on Owens Corning from $167.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Barclays cut Owens Corning from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $170.00 to $160.00 in a report on Monday, February 12th. Finally, Royal Bank of Canada lifted their price objective on Owens Corning from $175.00 to $192.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $168.21.

Owens Corning Profile

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.