DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $762,000 Stock Holdings in Owens Corning (NYSE:OC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of Owens Corning (NYSE:OC) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,475 shares of the construction company’s stock after selling 3,320 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Owens Corning were worth $762,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have weighed in on OC. Royal Bank of Canada lowered their price objective on shares of Owens Corning from $199.00 to $184.00 and set an “outperform” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Owens Corning in a research note on Tuesday, April 1st. They issued a “buy” rating and a $183.00 target price on the stock. StockNews.com cut shares of Owens Corning from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wolfe Research upgraded shares of Owens Corning from a “peer perform” rating to an “outperform” rating in a research report on Friday. Finally, UBS Group reduced their target price on Owens Corning from $235.00 to $218.00 and set a “buy” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $188.55.

Owens Corning Trading Up 0.7%

NYSE OC opened at $136.43 on Monday. Owens Corning has a 12 month low of $123.41 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 has a 50 day moving average of $141.20 and a 200-day moving average of $167.80. The company has a market cap of $11.60 billion, a PE ratio of 11.61, a PEG ratio of 1.88 and a beta of 1.44.

Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, May 7th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.15. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $3.40 EPS. Owens Corning’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities research analysts anticipate that Owens Corning will post 15.49 EPS for the current fiscal year.

Owens Corning 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.