Robeco Schweiz AG Sells 60,200 Shares of Owens Corning (NYSE:OC)

Robeco Schweiz AG lessened its stake in shares of Owens Corning (NYSE:OC) by 34.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 112,382 shares of the construction company’s stock after selling 60,200 shares during the period. Robeco Schweiz AG owned 0.13% of Owens Corning worth $19,141,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of Owens Corning during the 4th quarter valued at $28,000. Venturi Wealth Management LLC increased its stake in Owens Corning by 55.8% in the 4th quarter. Venturi Wealth Management LLC now owns 176 shares of the construction company’s stock worth $30,000 after buying an additional 63 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Owens Corning during the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of Owens Corning by 193.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company’s stock valued at $32,000 after acquiring an additional 122 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Owens Corning in the fourth quarter worth about $34,000. Institutional investors own 88.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on OC shares. Royal Bank of Canada decreased their target price on Owens Corning from $224.00 to $212.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group reduced their price objective on shares of Owens Corning from $245.00 to $235.00 and set a “buy” rating on the stock in a research report on Tuesday. Evercore ISI boosted their target price on shares of Owens Corning from $189.00 to $196.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Loop Capital cut their target price on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, StockNews.com downgraded shares of Owens Corning from a “buy” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.00.

Owens Corning Stock Performance

Shares of NYSE:OC opened at $153.92 on Thursday. The firm has a fifty day simple moving average of $176.07 and a two-hundred day simple moving average of $178.84. Owens Corning has a 52 week low of $147.20 and a 52 week high of $214.53. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $13.20 billion, a P/E ratio of 13.10, a PEG ratio of 1.88 and a beta of 1.46.

Owens Corning (NYSE:OC) last released its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, topping the consensus estimate of $2.87 by $0.35. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business posted $3.21 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. On average, analysts expect that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, March 10th. Owens Corning’s dividend payout ratio is currently 23.49%.

Insider Activity at Owens Corning

In other Owens Corning news, insider Gunner Smith sold 17,450 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the completion of the transaction, the insider now owns 18,866 shares in the company, valued at $3,606,990.54. The trade was a 48.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $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. 0.90% of the stock is currently owned by 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.