36,085 Shares in Owens Corning (NYSE:OC) Bought by Sapient Capital LLC

Sapient Capital LLC acquired a new position in shares of Owens Corning (NYSE:OC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,085 shares of the construction company’s stock, valued at approximately $6,370,000.

A number of other large investors have also recently bought and sold shares of OC. MV Capital Management Inc. grew its position 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 acquiring an additional 79 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Owens Corning during the 1st quarter valued at approximately $26,000. ST Germain D J Co. Inc. increased its position in Owens Corning by 794.1% during the 2nd 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 in the last quarter. Riverview Trust Co acquired a new stake in Owens Corning in the first quarter valued at approximately $28,000. Finally, ORG Partners LLC acquired a new position in shares of Owens Corning during the first quarter worth $31,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Marcio A. Sandri sold 3,051 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $176.50, for a total transaction of $538,501.50. Following the transaction, the insider now directly owns 57,079 shares of the company’s stock, valued at $10,074,443.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Owens Corning news, insider Marcio A. Sandri sold 3,050 shares of Owens Corning stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $170.00, for a total transaction of $518,500.00. Following the transaction, the insider now directly owns 60,130 shares of the company’s stock, valued at $10,222,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marcio A. Sandri sold 3,051 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $176.50, for a total transaction of $538,501.50. Following the completion of the sale, the insider now owns 57,079 shares of the company’s stock, valued at approximately $10,074,443.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Owens Corning Stock Up 1.6 %

Shares of NYSE:OC opened at $183.38 on Monday. The business’s 50-day moving average is $167.02 and its 200-day moving average is $171.23. Owens Corning has a 1 year low of $109.95 and a 1 year high of $191.13. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 3.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.37 and a quick ratio of 0.79.

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

Owens Corning Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 18th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, October 18th. Owens Corning’s dividend payout ratio (DPR) is currently 19.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OC. StockNews.com lowered Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group restated a “neutral” rating and set a $187.00 price target on shares of Owens Corning in a report on Monday, June 17th. UBS Group raised their price objective on shares of Owens Corning from $192.00 to $197.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Evercore ISI reduced their target price on shares of Owens Corning from $188.00 to $175.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Finally, Loop Capital upped their price target on shares of Owens Corning from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $186.69.

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.