Owens Corning Inc $OC Holdings Reduced by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Owens Corning Inc (NYSE:OC) by 26.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 195,468 shares of the construction company’s stock after selling 69,251 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Owens Corning were worth $26,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of OC. Bangor Savings Bank bought a new position in shares of Owens Corning in the second quarter valued at approximately $28,000. Wayfinding Financial LLC bought a new position in shares of Owens Corning in the first quarter valued at approximately $60,000. Geneos Wealth Management Inc. boosted its holdings in shares of Owens Corning by 61.7% in the first quarter. Geneos Wealth Management Inc. now owns 482 shares of the construction company’s stock valued at $69,000 after acquiring an additional 184 shares in the last quarter. Archer Investment Corp boosted its holdings in shares of Owens Corning by 17.9% in the first quarter. Archer Investment Corp now owns 660 shares of the construction company’s stock valued at $94,000 after acquiring an additional 100 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Owens Corning by 36.0% in the first quarter. Quarry LP now owns 676 shares of the construction company’s stock valued at $97,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 88.40% of the company’s stock.

Owens Corning Stock Down 1.6%

Shares of NYSE:OC opened at $138.64 on Friday. The firm has a 50 day simple moving average of $147.39 and a 200 day simple moving average of $142.49. Owens Corning Inc has a 52 week low of $123.40 and a 52 week high of $214.53. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52. The company has a market cap of $11.59 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 10.12 and a beta of 1.32.

Owens Corning (NYSE:OC) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.41. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company posted $4.64 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts expect that Owens Corning Inc will post 15.49 earnings per share for the current year.

Owens Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Monday, October 20th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 20th. Owens Corning’s dividend payout ratio is currently 71.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OC shares. Bank of America decreased their price objective on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday. Barclays increased their price objective on shares of Owens Corning from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. UBS Group reduced their target price on shares of Owens Corning from $218.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada dropped their price target on Owens Corning from $184.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Owens Corning in a research note on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $183.55.

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.