Owens Corning (NYSE:OC) Shares Sold by Lodge Hill Capital LLC

Lodge Hill Capital LLC reduced its holdings in Owens Corning (NYSE:OC - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 107,210 shares of the construction company's stock after selling 9,490 shares during the quarter. Owens Corning makes up about 5.0% of Lodge Hill Capital LLC's portfolio, making the stock its 8th largest holding. Lodge Hill Capital LLC owned about 0.12% of Owens Corning worth $18,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new stake in Owens Corning in the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC raised its position in shares of Owens Corning by 55.8% in the fourth quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company's stock valued at $30,000 after purchasing an additional 63 shares during the period. Global Trust Asset Management LLC purchased a new position in Owens Corning during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB boosted its stake in Owens Corning by 193.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company's stock valued at $32,000 after buying an additional 122 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Owens Corning during the 4th quarter valued at $34,000. 88.40% of the stock is owned by institutional investors and hedge funds.

Owens Corning Trading Up 2.3 %

Shares of OC stock traded up $3.06 during trading hours on Tuesday, hitting $137.48. The company had a trading volume of 143,373 shares, compared to its average volume of 806,454. The stock has a market capitalization of $11.76 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.39. Owens Corning has a fifty-two week low of $123.41 and a fifty-two week high of $214.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. The company's fifty day moving average is $147.60 and its 200 day moving average is $171.97.

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

Owens Corning Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors 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 yield of 2.01%. Owens Corning's payout ratio is currently 37.70%.

Analyst Upgrades and Downgrades

OC has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Benchmark reissued a "hold" rating on shares of Owens Corning in a research report on Monday, March 3rd. Wells Fargo & Company reduced their price target on Owens Corning from $200.00 to $155.00 and set an "overweight" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Owens Corning from $200.00 to $176.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Barclays cut their target price on shares of Owens Corning from $215.00 to $179.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $194.58.

Insider Buying and Selling at Owens Corning

In related news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.82% of the stock is owned by company insiders.

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.