Owens Corning (NYSE:OC) Shares Acquired by Jump Financial LLC

Jump Financial LLC increased its position in shares of Owens Corning (NYSE:OC) by 129.4% during the fourth quarter, Holdings Channel reports. The fund owned 14,993 shares of the construction company’s stock after acquiring an additional 8,458 shares during the quarter. Jump Financial LLC’s holdings in Owens Corning were worth $2,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Owens Corning by 23.3% during the third quarter. Barclays PLC now owns 125,756 shares of the construction company’s stock worth $22,197,000 after purchasing an additional 23,787 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Owens Corning in the 3rd quarter worth about $23,002,000. Synovus Financial Corp purchased a new stake in Owens Corning in the 3rd quarter valued at about $337,000. Franklin Resources Inc. increased its stake in shares of Owens Corning by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 444,748 shares of the construction company’s stock valued at $83,381,000 after acquiring an additional 22,500 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Owens Corning by 3.1% in the third quarter. Retirement Systems of Alabama now owns 196,672 shares of the construction company’s stock worth $34,717,000 after acquiring an additional 5,916 shares during the last quarter. 88.40% of the stock is owned by hedge funds and other institutional investors.

Owens Corning Trading Up 1.0 %

OC opened at $137.98 on Friday. The firm has a market capitalization of $11.80 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.88 and a beta of 1.39. The firm’s 50 day moving average is $149.23 and its 200-day moving average is $172.49. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. Owens Corning has a 52-week low of $123.41 and a 52-week high of $214.53.

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

Owens Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a yield of 2.00%. Owens Corning’s dividend payout ratio (DPR) is presently 37.70%.

Insider Buying and Selling at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction 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 transaction, the insider now directly owns 11,635 shares in the company, valued at $2,140,490.95. This represents a 13.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OC shares. UBS Group dropped their price target on shares of Owens Corning from $245.00 to $235.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on Owens Corning from $200.00 to $176.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays lowered their price target on Owens Corning from $215.00 to $179.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Benchmark reaffirmed a “hold” rating on shares of Owens Corning in a research note on Monday, March 3rd. Finally, Royal Bank of Canada dropped their target price on shares of Owens Corning from $212.00 to $199.00 and set an “outperform” rating for the company in a research report on Monday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.58.

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.