Owens Corning (NYSE:OC) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its holdings in Owens Corning (NYSE:OC) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,568 shares of the construction company’s stock after buying an additional 137 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Owens Corning were worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. increased its holdings in Owens Corning by 112.9% in the first quarter. MV Capital Management Inc. now owns 149 shares of the construction company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. NBC Securities Inc. purchased a new position in Owens Corning in the 1st quarter valued at approximately $26,000. ST Germain D J Co. Inc. raised its holdings in Owens Corning by 794.1% during the second quarter. ST Germain D J Co. Inc. now owns 152 shares of the construction company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Riverview Trust Co purchased a new stake in Owens Corning during the first quarter worth $28,000. Finally, ORG Partners LLC acquired a new stake in Owens Corning in the first quarter valued at $31,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Insider Buying and Selling

In other Owens Corning news, insider Marcio A. Sandri sold 3,050 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $170.00, for a total transaction of $518,500.00. Following the completion of the sale, the insider now owns 60,130 shares of the company’s stock, valued at $10,222,100. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Marcio A. Sandri sold 3,050 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $170.00, for a total value of $518,500.00. Following the transaction, the insider now owns 60,130 shares in the company, valued at $10,222,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd W. Fister sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $173.65, for a total transaction of $520,950.00. Following the sale, the chief financial officer now owns 31,626 shares of the company’s stock, valued at $5,491,854.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,101 shares of company stock valued at $1,577,952. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Owens Corning in a research note on Wednesday, August 7th. Barclays reduced their price target on shares of Owens Corning from $190.00 to $189.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $187.00 price target on shares of Owens Corning in a research report on Monday, June 17th. StockNews.com upgraded Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday, September 7th. Finally, Royal Bank of Canada increased their target price on Owens Corning from $211.00 to $213.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Owens Corning presently has a consensus rating of “Moderate Buy” and an average price target of $184.23.

Owens Corning Stock Performance

NYSE OC opened at $174.27 on Tuesday. The business’s 50-day moving average price is $167.63 and its 200 day moving average price is $169.79. The company has a current ratio of 1.37, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. Owens Corning has a twelve month low of $109.95 and a twelve month high of $191.13. The company has a market capitalization of $15.10 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 3.18 and a beta of 1.41.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $4.64 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.27. Owens Corning had a net margin of 10.66% and a return on equity of 26.33%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm posted $4.22 EPS. The company’s revenue was up 8.8% on a year-over-year basis. On average, research analysts predict that Owens Corning will post 15.38 earnings per share for the current year.

Owens Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.38%. Owens Corning’s payout ratio is 19.43%.

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.