Wilmington Savings Fund Society FSB Buys 122 Shares of Owens Corning (NYSE:OC)

Wilmington Savings Fund Society FSB grew its stake in Owens Corning (NYSE:OC) by 193.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185 shares of the construction company’s stock after purchasing an additional 122 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Owens Corning were worth $32,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new stake in shares of Owens Corning in the 4th quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in shares of Owens Corning in the 3rd quarter worth about $38,000. Versant Capital Management Inc grew its position in shares of Owens Corning by 88.1% in the 4th quarter. Versant Capital Management Inc now owns 380 shares of the construction company’s stock worth $65,000 after buying an additional 178 shares during the period. NBC Securities Inc. grew its position in shares of Owens Corning by 85.3% in the 3rd quarter. NBC Securities Inc. now owns 515 shares of the construction company’s stock worth $90,000 after buying an additional 237 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Owens Corning by 44.8% in the 3rd quarter. Private Trust Co. NA now owns 566 shares of the construction company’s stock worth $100,000 after buying an additional 175 shares during the period. 88.40% of the stock is currently owned by institutional investors.

Owens Corning Stock Performance

Shares of OC stock opened at $179.44 on Friday. The company has a 50 day moving average price of $179.67 and a 200-day moving average price of $178.75. Owens Corning has a 52 week low of $138.70 and a 52 week high of $214.53. The firm has a market capitalization of $15.39 billion, a PE ratio of 15.27, a P/E/G ratio of 2.01 and a beta of 1.46. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, March 10th. Owens Corning’s payout ratio is 23.49%.

Insider Buying and Selling

In related news, insider Monaco Nicolas Del sold 1,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were 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 approximately $2,140,490.95. This trade represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gunner Smith sold 17,450 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $191.19, for a total transaction 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. The trade was a 48.05 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $192.00 to $245.00 in a research report on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on shares of Owens Corning from $178.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. UBS Group increased their price objective on shares of Owens Corning from $197.00 to $218.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Loop Capital cut their price objective on shares of Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Evercore ISI increased their price objective on shares of Owens Corning from $189.00 to $196.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.75.

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.