Eisler Capital Management Ltd. Purchases New Holdings in Owens Corning (NYSE:OC)

Eisler Capital Management Ltd. acquired a new position in Owens Corning (NYSE:OC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,200 shares of the construction company’s stock, valued at approximately $2,403,000.

Several other institutional investors also recently modified their holdings of OC. Norges Bank bought a new position in Owens Corning in the fourth quarter worth $208,519,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Owens Corning by 41.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,422,828 shares of the construction company’s stock worth $242,337,000 after acquiring an additional 414,770 shares during the period. Raymond James Financial Inc. bought a new stake in Owens Corning in the fourth quarter valued at about $51,220,000. Schonfeld Strategic Advisors LLC acquired a new position in Owens Corning in the fourth quarter worth about $41,252,000. Finally, LGT Group Foundation acquired a new stake in Owens Corning during the fourth quarter valued at approximately $39,054,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Owens Corning Trading Up 4.1 %

OC stock opened at $135.73 on Friday. 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 twelve month low of $123.41 and a twelve month high of $214.53. The company has a market cap of $11.61 billion, a P/E ratio of 11.55, a PEG ratio of 1.88 and a beta of 1.44. The business has a fifty day moving average of $141.36 and a 200-day moving average of $168.33.

Owens Corning (NYSE:OC) last announced 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. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.40 EPS. As a group, equities research analysts expect that Owens Corning will post 15.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on OC. Loop Capital cut their target price on Owens Corning from $203.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group reduced their target price on shares of Owens Corning from $235.00 to $218.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Owens Corning from $200.00 to $176.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. StockNews.com cut shares of Owens Corning from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Barclays cut their target price on shares of Owens Corning from $179.00 to $167.00 and set an “overweight” rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.55.

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.