Teachers Advisors LLC lowered its position in Owens Corning Inc (NYSE:OC) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,531 shares of the construction company’s stock after selling 1,470 shares during the period. Teachers Advisors LLC owned about 0.41% of Owens Corning worth $28,017,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CrestPoint Capital Management LLC raised its position in Owens Corning by 3.3% in the first quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the construction company’s stock worth $767,000 after buying an additional 400 shares in the last quarter. Bank of Montreal Can raised its position in Owens Corning by 15.4% in the first quarter. Bank of Montreal Can now owns 1,108,114 shares of the construction company’s stock worth $68,006,000 after buying an additional 148,259 shares in the last quarter. Murphy Capital Management Inc. raised its position in shares of Owens Corning by 7.6% in the first quarter. Murphy Capital Management Inc. now owns 6,400 shares of the construction company’s stock worth $392,000 after buying an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Owens Corning during the first quarter worth approximately $1,103,000. Finally, Raymond James Trust N.A. raised its position in shares of Owens Corning by 45.6% in the first quarter. Raymond James Trust N.A. now owns 7,088 shares of the construction company’s stock worth $435,000 after buying an additional 2,219 shares in the last quarter.

Shares of Owens Corning Inc (OC) traded down 0.96% during trading on Thursday, reaching $66.74. 1,168,231 shares of the company traded hands. Owens Corning Inc has a 12-month low of $46.45 and a 12-month high of $68.80. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 19.18 and a beta of 1.11. The company has a 50 day moving average price of $66.06 and a 200 day moving average price of $61.47.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, equities analysts predict that Owens Corning Inc will post $4.21 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Monday, July 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, July 13th. Owens Corning’s dividend payout ratio is currently 23.05%.

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A number of research analysts have recently commented on the stock. MKM Partners raised shares of Owens Corning from a “sell” rating to a “neutral” rating and upped their price objective for the company from $47.00 to $62.00 in a research report on Thursday, July 27th. BidaskClub lowered shares of Owens Corning from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. FBR & Co upped their price objective on shares of Owens Corning from $63.00 to $70.00 and gave the company a “mkt perform” rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $82.00 price objective on shares of Owens Corning in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $83.00 price objective on shares of Owens Corning in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. Owens Corning presently has a consensus rating of “Buy” and an average price target of $70.53.

In other Owens Corning news, insider Arnaud Genis sold 21,544 shares of Owens Corning stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $65.44, for a total transaction of $1,409,839.36. Following the transaction, the insider now directly owns 80,143 shares of the company’s stock, valued at $5,244,557.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James J. Mcmonagle sold 2,000 shares of Owens Corning stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $64.60, for a total transaction of $129,200.00. Following the transaction, the director now directly owns 50,906 shares in the company, valued at $3,288,527.60. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

About Owens Corning

Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. 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.

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

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