Park Capital Management LLC WI Makes New $319,000 Investment in Owens Corning (NYSE:OC)

Park Capital Management LLC WI purchased a new position in Owens Corning (NYSE:OC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,873 shares of the construction company’s stock, valued at approximately $319,000.

A number of other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Owens Corning by 16.4% during the 3rd quarter. Creative Planning now owns 9,789 shares of the construction company’s stock valued at $1,728,000 after purchasing an additional 1,379 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Owens Corning by 85.3% during the 3rd quarter. NBC Securities Inc. now owns 515 shares of the construction company’s stock valued at $90,000 after purchasing an additional 237 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Owens Corning by 216.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 7,514 shares of the construction company’s stock valued at $1,326,000 after purchasing an additional 5,142 shares in the last quarter. Transform Wealth LLC bought a new stake in shares of Owens Corning during the 3rd quarter valued at about $7,822,000. Finally, BOS Asset Management LLC boosted its stake in shares of Owens Corning by 36.8% during the 3rd quarter. BOS Asset Management LLC now owns 4,911 shares of the construction company’s stock valued at $867,000 after purchasing an additional 1,322 shares in the last quarter. Institutional investors own 88.40% of the company’s stock.

Owens Corning Stock Down 1.2 %

Shares of Owens Corning stock opened at $176.12 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.44. The stock has a market capitalization of $15.11 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46. Owens Corning has a 52-week low of $138.70 and a 52-week high of $214.53. The company has a 50-day simple moving average of $180.55 and a two-hundred day simple moving average of $178.77.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be issued a $0.69 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.76 annualized dividend and a yield of 1.57%. Owens Corning’s dividend payout ratio (DPR) is presently 23.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OC shares. The Goldman Sachs Group lifted their target price on shares of Owens Corning from $178.00 to $198.00 and gave the company a “neutral” 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 company from $195.00 to $225.00 in a research note on Tuesday, December 17th. Royal Bank of Canada lifted their target price on shares of Owens Corning from $213.00 to $217.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Evercore ISI lifted their price target on shares of Owens Corning from $189.00 to $196.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Barclays raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and lifted 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.75.

Insiders Place Their Bets

In other news, insider Monaco Nicolas Del sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $3,336,265.50. Following the transaction, the insider now directly owns 18,866 shares of the company’s stock, valued at $3,606,990.54. The trade was a 48.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

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.