Measured Wealth Private Client Group LLC Sells 1,316 Shares of Owens Corning (NYSE:OC)

Measured Wealth Private Client Group LLC lowered its position in Owens Corning (NYSE:OC) by 49.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,367 shares of the construction company’s stock after selling 1,316 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Owens Corning were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of OC. Cetera Investment Advisers grew its position in shares of Owens Corning by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 15,170 shares of the construction company’s stock valued at $2,635,000 after acquiring an additional 2,405 shares during the period. Daymark Wealth Partners LLC lifted its position in Owens Corning by 17.9% during the third quarter. Daymark Wealth Partners LLC now owns 2,394 shares of the construction company’s stock valued at $423,000 after purchasing an additional 364 shares in the last quarter. USA Financial Formulas grew its holdings in Owens Corning by 40.5% during the third quarter. USA Financial Formulas now owns 1,437 shares of the construction company’s stock valued at $254,000 after purchasing an additional 414 shares during the period. UMB Bank n.a. increased its position in Owens Corning by 52.3% in the third quarter. UMB Bank n.a. now owns 623 shares of the construction company’s stock worth $110,000 after buying an additional 214 shares in the last quarter. Finally, Tobam raised its stake in shares of Owens Corning by 38.0% in the third quarter. Tobam now owns 265 shares of the construction company’s stock worth $47,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Owens Corning Price Performance

Shares of Owens Corning stock opened at $181.06 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. Owens Corning has a 12 month low of $138.70 and a 12 month high of $214.53. The stock has a 50 day moving average of $182.04 and a 200 day moving average of $178.75. The firm has a market cap of $15.53 billion, a PE ratio of 15.41, a PEG ratio of 2.02 and a beta of 1.46.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, November 6th. The construction company reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.33. Owens Corning had a return on equity of 25.82% and a net margin of 9.92%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the company earned $4.15 EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, research analysts expect that Owens Corning will post 15.49 EPS for the current fiscal year.

Owens Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, March 10th. This represents a $2.76 annualized dividend and a yield of 1.52%. Owens Corning’s dividend payout ratio (DPR) is currently 23.49%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $195.00 to $225.00 in a report on Tuesday, December 17th. Barclays upgraded shares of Owens Corning from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $192.00 to $245.00 in a research note on Wednesday, December 11th. Loop Capital cut their price target on Owens Corning from $215.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 10th. StockNews.com upgraded Owens Corning from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, Citigroup cut their target price on Owens Corning from $212.00 to $207.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.75.

Insiders Place Their Bets

In other news, insider Gunner Smith sold 17,450 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $191.19, for a total value of $3,336,265.50. Following the sale, the insider now owns 18,866 shares of the company’s stock, valued at approximately $3,606,990.54. This represents a 48.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Monaco Nicolas Del sold 1,750 shares of Owens Corning stock in a transaction dated Thursday, February 6th. The stock was 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 of the company’s stock, valued at approximately $2,140,490.95. This represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

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.