Orion Portfolio Solutions LLC Has $3.62 Million Holdings in Owens Corning (NYSE:OC)

Orion Portfolio Solutions LLC raised its position in shares of Owens Corning (NYSE:OC) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,262 shares of the construction company’s stock after buying an additional 107 shares during the period. Orion Portfolio Solutions LLC’s holdings in Owens Corning were worth $3,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Owens Corning by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 727,275 shares of the construction company’s stock worth $128,379,000 after buying an additional 24,522 shares in the last quarter. Financial Counselors Inc. acquired a new position in shares of Owens Corning during the third quarter worth approximately $247,000. Captrust Financial Advisors grew its stake in shares of Owens Corning by 20.9% during the third quarter. Captrust Financial Advisors now owns 15,113 shares of the construction company’s stock valued at $2,668,000 after purchasing an additional 2,613 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Owens Corning by 24.7% in the third quarter. Verition Fund Management LLC now owns 15,516 shares of the construction company’s stock valued at $2,739,000 after purchasing an additional 3,070 shares in the last quarter. Finally, Kestra Investment Management LLC raised its position in Owens Corning by 41.4% in the 3rd quarter. Kestra Investment Management LLC now owns 2,672 shares of the construction company’s stock worth $472,000 after purchasing an additional 782 shares during the last quarter. Institutional investors own 88.40% of the company’s stock.

Analyst Upgrades and Downgrades

OC has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $212.00 price objective on shares of Owens Corning in a research report on Monday, March 17th. Wells Fargo & Company lowered their price objective on Owens Corning from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Barclays cut their target price on shares of Owens Corning from $245.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Citigroup reduced their target price on shares of Owens Corning from $212.00 to $207.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Loop Capital dropped their price target on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.18.

Owens Corning Stock Down 3.1 %

Shares of NYSE:OC opened at $142.64 on Monday. The company has a 50 day moving average price of $164.63 and a two-hundred day moving average price of $176.39. 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 company has a market capitalization of $12.20 billion, a PE ratio of 12.14, a PEG ratio of 1.88 and a beta of 1.52. Owens Corning has a 52 week low of $137.50 and a 52 week high of $214.53.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.35. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 EPS. Analysts forecast that Owens Corning will post 15.49 earnings per share for the current year.

Owens Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.76 annualized dividend and a dividend yield of 1.93%. Owens Corning’s dividend payout ratio (DPR) is currently 37.70%.

Insider Transactions at Owens Corning

In other news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total transaction of $321,947.50. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is currently owned by insiders.

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.