Farther Finance Advisors LLC lowered its position in shares of Owens Corning (NYSE:OC – Free Report) by 19.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,175 shares of the construction company’s stock after selling 511 shares during the period. Farther Finance Advisors LLC’s holdings in Owens Corning were worth $370,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Owens Corning during the fourth quarter worth about $28,000. Venturi Wealth Management LLC lifted its holdings 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 during the period. Global Trust Asset Management LLC bought a new stake in shares of Owens Corning in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB increased its stake in shares of Owens Corning by 193.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 185 shares of the construction company’s stock valued at $32,000 after buying an additional 122 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of Owens Corning during the fourth quarter valued at approximately $34,000. Institutional investors own 88.40% of the company’s stock.
Owens Corning Trading Up 0.8 %
NYSE OC opened at $145.11 on Tuesday. Owens Corning has a 12 month low of $137.50 and a 12 month high of $214.53. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average price is $169.45 and its 200-day moving average price is $177.28. The stock has a market cap of $12.41 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.88 and a beta of 1.52.
Owens Corning Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 dividend on an annualized basis and a yield of 1.90%. Owens Corning’s payout ratio is currently 37.70%.
Insider Activity at Owens Corning
In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the transaction, the insider now owns 11,635 shares in the company, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on OC shares. Loop Capital reduced their price objective on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. StockNews.com cut shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on shares of Owens Corning from $200.00 to $176.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Benchmark reiterated a “hold” rating on shares of Owens Corning in a report on Monday, March 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $212.00 target price on shares of Owens Corning in a research note on Monday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Owens Corning has a consensus rating of “Moderate Buy” and a consensus price target of $204.18.
View Our Latest Stock Report on OC
Owens Corning Company 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.
Recommended Stories
- Five stocks we like better than Owens Corning
- 3 Stocks to Consider Buying in October
- Can TikTok Stock Picks Really Make You Rich?
- Stock Average Calculator
- The “Quality” Rotation: Back to Basics Investing
- Manufacturing Stocks Investing
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.