Aviva PLC raised its stake in shares of Owens Corning Inc (NYSE:OC) by 14.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,967 shares of the construction company’s stock after buying an additional 5,000 shares during the period. Aviva PLC’s holdings in Owens Corning were worth $2,674,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Creative Planning lifted its stake in shares of Owens Corning by 104.3% in the 2nd quarter. Creative Planning now owns 2,043 shares of the construction company’s stock valued at $137,000 after purchasing an additional 1,043 shares during the last quarter. Point72 Asia Hong Kong Ltd lifted its stake in shares of Owens Corning by 457.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,301 shares of the construction company’s stock valued at $141,000 after purchasing an additional 1,888 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Owens Corning by 45.3% in the 1st quarter. IFP Advisors Inc now owns 2,558 shares of the construction company’s stock valued at $157,000 after purchasing an additional 798 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Owens Corning by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,668 shares of the construction company’s stock valued at $163,000 after purchasing an additional 232 shares during the last quarter. Finally, First Bank & Trust lifted its stake in shares of Owens Corning by 3.6% in the 2nd quarter. First Bank & Trust now owns 3,024 shares of the construction company’s stock valued at $202,000 after purchasing an additional 104 shares during the last quarter. 96.78% of the stock is owned by institutional investors.

Owens Corning Inc (NYSE OC) opened at 74.00 on Monday. The company has a market cap of $8.23 billion, a P/E ratio of 21.26 and a beta of 1.04. Owens Corning Inc has a 12-month low of $46.45 and a 12-month high of $74.49. The stock’s 50 day moving average is $67.83 and its 200 day moving average is $63.58.

Owens Corning (NYSE:OC) last posted its 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 company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. Owens Corning’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. On average, equities analysts forecast that Owens Corning Inc will post $4.28 earnings per share for the current year.

In other news, VP Daniel T. Smith sold 41,425 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $70.89, for a total transaction of $2,936,618.25. Following the completion of the sale, the vice president now owns 60,708 shares in the company, valued at approximately $4,303,590.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kelly Schmidt sold 1,462 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $70.35, for a total transaction of $102,851.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,031 shares of company stock valued at $6,118,197. 1.80% of the stock is currently owned by corporate insiders.

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Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Owens Corning in a research note on Friday. Wells Fargo & Company raised shares of Owens Corning from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $68.00 to $83.00 in a research note on Wednesday, August 30th. BidaskClub raised shares of Owens Corning from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. MKM Partners raised shares of Owens Corning from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $47.00 to $62.00 in a research note on Thursday, July 27th. Finally, FBR & Co lifted 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 note on Thursday, July 27th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.15.

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.

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

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