Mutual of America Capital Management LLC Sells 1,678 Shares of Owens Corning (NYSE:OC)

Mutual of America Capital Management LLC decreased its holdings in Owens Corning (NYSE:OC) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,315 shares of the construction company’s stock after selling 1,678 shares during the period. Mutual of America Capital Management LLC’s holdings in Owens Corning were worth $7,718,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OC. International Assets Investment Management LLC purchased a new stake in shares of Owens Corning in the third quarter worth about $156,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Owens Corning by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,793 shares of the construction company’s stock worth $1,199,000 after buying an additional 211 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Owens Corning by 132.5% in the third quarter. Nisa Investment Advisors LLC now owns 11,893 shares of the construction company’s stock worth $2,099,000 after buying an additional 6,778 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Owens Corning in the third quarter worth about $718,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Owens Corning by 115.6% in the third quarter. Farther Finance Advisors LLC now owns 2,686 shares of the construction company’s stock worth $474,000 after buying an additional 1,440 shares in the last quarter. Institutional investors own 88.40% of the company’s stock.

Insider Buying and Selling

In related news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $183.97, for a total value of $321,947.50. Following the transaction, the insider now owns 11,635 shares of the company’s stock, valued at $2,140,490.95. This represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gunner Smith sold 17,450 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $191.19, for a total value of $3,336,265.50. Following the completion of the transaction, the insider now directly owns 18,866 shares in the company, valued at approximately $3,606,990.54. This trade represents a 48.05 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OC has been the topic of a number of research analyst reports. Loop Capital decreased their target price on Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company decreased their price objective on Owens Corning from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Evercore ISI upped their price objective on Owens Corning from $189.00 to $196.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Barclays decreased their price objective on Owens Corning from $245.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, StockNews.com downgraded Owens Corning from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Owens Corning presently has an average rating of “Moderate Buy” and a consensus price target of $207.00.

Owens Corning Trading Up 1.2 %

Shares of NYSE OC opened at $153.96 on Monday. 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 business’s 50 day moving average price is $175.41 and its 200-day moving average price is $178.92. Owens Corning has a fifty-two week low of $148.78 and a fifty-two week high of $214.53. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.88 and a beta of 1.46.

Owens Corning (NYSE:OC) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.35. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the business posted $3.21 earnings per share. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, sell-side analysts expect that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

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 paid a $0.69 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.76 annualized dividend and a yield of 1.79%. Owens Corning’s dividend payout ratio (DPR) is currently 37.70%.

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.