Owens Corning (NYSE:OC) Shares Acquired by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC lifted its position in Owens Corning (NYSE:OCFree Report) by 49.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,525 shares of the construction company’s stock after acquiring an additional 835 shares during the period. American Trust Investment Advisors LLC’s holdings in Owens Corning were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Owens Corning in the 4th quarter worth approximately $27,000. Bruce G. Allen Investments LLC purchased a new position in Owens Corning during the fourth quarter worth approximately $27,000. VisionPoint Advisory Group LLC boosted its stake in Owens Corning by 53.0% during the third quarter. VisionPoint Advisory Group LLC now owns 254 shares of the construction company’s stock worth $35,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. grew its holdings in Owens Corning by 42.2% in the 4th quarter. Blue Trust Inc. now owns 263 shares of the construction company’s stock valued at $36,000 after buying an additional 78 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Owens Corning by 26,700.0% in the 4th quarter. Assetmark Inc. now owns 268 shares of the construction company’s stock worth $40,000 after acquiring an additional 267 shares during the last quarter. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Owens Corning Stock Up 0.9 %

OC traded up $1.61 during trading hours on Tuesday, hitting $178.47. 456,218 shares of the company’s stock were exchanged, compared to its average volume of 657,117. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.50. Owens Corning has a 12-month low of $105.56 and a 12-month high of $181.49. The firm has a market cap of $15.47 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 5.22 and a beta of 1.45. The firm has a 50 day moving average of $168.10 and a 200 day moving average of $152.61.

Owens Corning (NYSE:OCGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.55. Owens Corning had a return on equity of 26.52% and a net margin of 11.53%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $2.77 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts predict that Owens Corning will post 15.56 EPS for the current fiscal year.

Insider Transactions at Owens Corning

In other news, EVP Paula Russell sold 3,765 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $162.00, for a total value of $609,930.00. Following the sale, the executive vice president now directly owns 20,419 shares in the company, valued at approximately $3,307,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group boosted their price target on shares of Owens Corning from $169.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Citigroup raised their price target on shares of Owens Corning from $150.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Truist Financial upped their price objective on Owens Corning from $115.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Argus raised their target price on Owens Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price on Owens Corning from $164.00 to $163.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 20th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Owens Corning presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.86.

View Our Latest Analysis on Owens Corning

About Owens Corning

(Free Report)

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.

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Institutional Ownership by Quarter for Owens Corning (NYSE:OC)

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