Measured Wealth Private Client Group LLC Sells 1,316 Shares of Owens Corning (NYSE:OC)

Measured Wealth Private Client Group LLC decreased its stake in Owens Corning (NYSE:OC) by 49.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,367 shares of the construction company’s stock after selling 1,316 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Owens Corning were worth $233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in OC. Alpha DNA Investment Management LLC grew its position in Owens Corning by 147.4% during the third quarter. Alpha DNA Investment Management LLC now owns 4,270 shares of the construction company’s stock valued at $754,000 after acquiring an additional 2,544 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Owens Corning by 3.1% during the 3rd quarter. Janus Henderson Group PLC now owns 6,744 shares of the construction company’s stock valued at $1,189,000 after purchasing an additional 200 shares during the last quarter. Penserra Capital Management LLC raised its position in Owens Corning by 53.3% in the 3rd quarter. Penserra Capital Management LLC now owns 4,726 shares of the construction company’s stock worth $832,000 after purchasing an additional 1,643 shares during the period. Atria Investments Inc lifted its stake in Owens Corning by 93.3% in the third quarter. Atria Investments Inc now owns 13,200 shares of the construction company’s stock worth $2,330,000 after purchasing an additional 6,373 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Owens Corning during the third quarter valued at about $1,046,000. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Insider Buying and Selling at Owens Corning

In related news, insider Gunner Smith sold 17,450 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $191.19, for a total value of $3,336,265.50. Following the completion of the transaction, the insider now directly owns 18,866 shares in the company, valued at $3,606,990.54. The trade was a 48.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Monaco Nicolas Del sold 1,750 shares of Owens Corning stock in a transaction dated Thursday, February 6th. The stock was 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 of the company’s stock, valued at $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OC shares. Loop Capital decreased their price objective on Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Citigroup decreased their price target on Owens Corning from $212.00 to $207.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group increased their price objective on Owens Corning from $197.00 to $218.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $195.00 to $225.00 in a research note on Tuesday, December 17th. Finally, Barclays raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $192.00 to $245.00 in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.75.

Owens Corning Stock Performance

Shares of OC stock opened at $181.06 on Friday. The company’s fifty day moving average price is $182.04 and its 200-day moving average price is $178.75. The stock has a market cap of $15.53 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.02 and a beta of 1.46. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. Owens Corning has a 12 month low of $138.70 and a 12 month high of $214.53.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.33. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company earned $4.15 earnings per share. The business’s revenue was up 22.9% compared to the same quarter last year. On average, equities analysts expect that Owens Corning will post 15.49 EPS for the current fiscal year.

Owens Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, March 10th. Owens Corning’s dividend payout ratio (DPR) is presently 23.49%.

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.