Measured Wealth Private Client Group LLC Sells 468 Shares of Owens Corning (NYSE:OC)

Measured Wealth Private Client Group LLC lessened its stake in Owens Corning (NYSE:OC) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,756 shares of the construction company’s stock after selling 468 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Owens Corning were worth $409,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. LSV Asset Management grew its position in Owens Corning by 0.7% in the 4th quarter. LSV Asset Management now owns 2,272,150 shares of the construction company’s stock worth $336,801,000 after purchasing an additional 15,714 shares during the period. M&T Bank Corp grew its position in shares of Owens Corning by 16.3% during the 4th quarter. M&T Bank Corp now owns 4,481 shares of the construction company’s stock valued at $664,000 after acquiring an additional 627 shares during the period. Natixis Advisors L.P. grew its position in shares of Owens Corning by 2.1% during the 4th quarter. Natixis Advisors L.P. now owns 16,291 shares of the construction company’s stock valued at $2,414,000 after acquiring an additional 342 shares during the period. Victory Capital Management Inc. grew its position in shares of Owens Corning by 2.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,481,937 shares of the construction company’s stock valued at $219,668,000 after acquiring an additional 35,530 shares during the period. Finally, Sycomore Asset Management grew its position in shares of Owens Corning by 35.5% during the 4th quarter. Sycomore Asset Management now owns 22,960 shares of the construction company’s stock valued at $3,415,000 after acquiring an additional 6,012 shares during the period. Institutional investors own 88.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OC shares. Barclays downgraded shares of Owens Corning from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $170.00 to $160.00 in a research report on Monday, February 12th. Loop Capital boosted their price objective on shares of Owens Corning from $167.00 to $188.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Argus boosted their price objective on shares of Owens Corning from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Royal Bank of Canada boosted their price objective on shares of Owens Corning from $175.00 to $192.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Evercore ISI lifted their target price on shares of Owens Corning from $154.00 to $172.00 and gave the company an “in-line” rating in a research note on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.21.

Insider Transactions at Owens Corning

In other news, EVP Paula Russell sold 3,765 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Gunner Smith sold 7,442 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $148.99, for a total value of $1,108,783.58. Following the sale, the insider now directly owns 36,140 shares in the company, valued at approximately $5,384,498.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paula Russell sold 3,765 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $162.00, for a total transaction of $609,930.00. Following the transaction, the executive vice president now owns 20,419 shares in the company, valued at $3,307,878. The disclosure for this sale can be found here. Insiders have sold a total of 11,864 shares of company stock worth $1,819,471 in the last three months. Insiders own 0.89% of the company’s stock.

Owens Corning Price Performance

OC stock traded up $1.67 during mid-day trading on Friday, hitting $174.81. The company had a trading volume of 680,615 shares, compared to its average volume of 636,508. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 5.19 and a beta of 1.45. Owens Corning has a 12-month low of $103.41 and a 12-month high of $178.24. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $162.66 and a 200 day moving average price of $147.71.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.04 by $0.55. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Owens Corning had a net margin of 11.53% and a return on equity of 26.52%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.77 EPS. On average, research analysts anticipate that Owens Corning will post 15.37 earnings per share for the current year.

Owens Corning Company 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.