Owens Corning (NYSE:OC) Shares Bought by Cozad Asset Management Inc.

Cozad Asset Management Inc. lifted its position in shares of Owens Corning (NYSE:OC) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,077 shares of the construction company’s stock after acquiring an additional 6,147 shares during the period. Owens Corning accounts for 1.1% of Cozad Asset Management Inc.’s portfolio, making the stock its 24th biggest holding. Cozad Asset Management Inc. owned about 0.07% of Owens Corning worth $11,134,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. increased its holdings in shares of 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 valued at $26,000 after purchasing an additional 135 shares during the period. ORG Partners LLC acquired a new stake in shares of Owens Corning in the 1st quarter worth approximately $31,000. Innealta Capital LLC acquired a new position in Owens Corning during the second quarter worth about $32,000. Tobam boosted its position in shares of Owens Corning by 115.7% during the 2nd quarter. Tobam now owns 192 shares of the construction company’s stock valued at $33,000 after purchasing an additional 103 shares in the last quarter. Finally, Quarry LP boosted its holdings in Owens Corning by 165.5% during the second quarter. Quarry LP now owns 231 shares of the construction company’s stock worth $40,000 after buying an additional 144 shares in the last quarter. 88.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OC shares. UBS Group increased their price target on shares of Owens Corning from $192.00 to $197.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Evercore ISI boosted their price target on shares of Owens Corning from $175.00 to $189.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Barclays dropped their target price on Owens Corning from $190.00 to $189.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company upped their price target on Owens Corning from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, StockNews.com lowered Owens Corning from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Owens Corning has a consensus rating of “Hold” and a consensus price target of $187.77.

Insider Activity at Owens Corning

In related news, insider Marcio A. Sandri sold 3,050 shares of the firm’s stock in a transaction on 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 directly owns 60,130 shares of the company’s stock, valued at $10,222,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Marcio A. Sandri sold 3,050 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 60,130 shares of the company’s stock, valued at $10,222,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marcio A. Sandri sold 3,051 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 directly owns 57,079 shares of the company’s stock, valued at approximately $10,074,443.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Owens Corning Stock Performance

NYSE OC opened at $184.73 on Thursday. The stock has a market cap of $16.06 billion, a P/E ratio of 15.64, a PEG ratio of 2.20 and a beta of 1.41. The company has a quick ratio of 0.79, a current ratio of 1.37 and a debt-to-equity ratio of 0.91. Owens Corning has a twelve month low of $120.17 and a twelve month high of $191.44. The company’s 50-day simple moving average is $174.98 and its 200 day simple moving average is $173.36.

Owens Corning (NYSE:OC) last posted its earnings results on Tuesday, August 6th. The construction company reported $4.64 EPS for the quarter, topping the consensus estimate of $4.37 by $0.27. Owens Corning had a return on equity of 26.33% and a net margin of 10.66%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company earned $4.22 EPS. Owens Corning’s revenue was up 8.8% on a year-over-year basis. As a group, research analysts forecast that Owens Corning will post 15.34 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, October 18th. Owens Corning’s payout ratio is 20.32%.

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.