State of Wisconsin Investment Board reduced its position in shares of Owens Corning (NYSE:OC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,412 shares of the company’s stock after selling 1,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of Owens Corning worth $3,919,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OC. Shinko Asset Management Co. Ltd. boosted its position in Owens Corning by 0.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 6,364 shares of the company’s stock worth $340,000 after buying an additional 49 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Owens Corning by 1.0% in the second quarter. Raymond James Trust N.A. now owns 5,122 shares of the company’s stock valued at $264,000 after buying an additional 53 shares during the last quarter. Globeflex Capital L P boosted its position in shares of Owens Corning by 0.3% in the second quarter. Globeflex Capital L P now owns 28,324 shares of the company’s stock valued at $1,459,000 after buying an additional 91 shares during the last quarter. Amalgamated Bank boosted its position in shares of Owens Corning by 1.0% in the second quarter. Amalgamated Bank now owns 13,866 shares of the company’s stock valued at $749,000 after buying an additional 138 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in shares of Owens Corning by 2.1% in the third quarter. Alpha Windward LLC now owns 8,769 shares of the company’s stock valued at $468,000 after buying an additional 180 shares during the last quarter.

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

Owens Corning (NYSE:OC) traded down 1.15% on Monday, hitting $53.09. 1,003,736 shares of the company were exchanged. Owens Corning has a one year low of $38.96 and a one year high of $58.69. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 14.86 and a beta of 1.15. The stock has a 50 day moving average price of $50.75 and a 200 day moving average price of $52.06.

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, October 26th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. Owens Corning had a net margin of 7.44% and a return on equity of 10.77%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that Owens Corning will post $3.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 2nd. Stockholders of record on Monday, October 17th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Owens Corning’s dividend payout ratio (DPR) is currently 20.17%.

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Several brokerages have recently commented on OC. Zacks Investment Research cut shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI began coverage on shares of Owens Corning in a research report on Monday, November 14th. They set a “buy” rating and a $60.00 price target on the stock. Jefferies Group reaffirmed a “buy” rating and set a $60.00 price target (down previously from $63.00) on shares of Owens Corning in a research report on Friday, October 28th. Vertical Research raised shares of Owens Corning from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Finally, CL King cut shares of Owens Corning from a “buy” rating to a “neutral” rating in a research report on Thursday, October 27th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.24.

In other news, insider Arnaud Genis sold 66,619 shares of Owens Corning stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $54.68, for a total transaction of $3,642,726.92. Following the sale, the insider now directly owns 101,538 shares in the company, valued at approximately $5,552,097.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Owens Corning Company Profile

Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.

5 Day Chart for NYSE:OC

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