Owens Corning Inc $OC Shares Sold by Cwm LLC

Cwm LLC decreased its stake in Owens Corning Inc (NYSE:OC) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,788 shares of the construction company’s stock after selling 5,564 shares during the period. Cwm LLC owned approximately 0.06% of Owens Corning worth $5,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OC. Root Financial Partners LLC acquired a new stake in shares of Owens Corning in the third quarter valued at about $39,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Owens Corning in the third quarter valued at about $42,000. SJS Investment Consulting Inc. lifted its stake in shares of Owens Corning by 3,766.7% in the third quarter. SJS Investment Consulting Inc. now owns 348 shares of the construction company’s stock valued at $49,000 after purchasing an additional 339 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Owens Corning in the fourth quarter valued at about $49,000. Finally, Clayton Financial Group LLC acquired a new stake in shares of Owens Corning in the third quarter valued at about $51,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

Wall Street Analysts Forecast Growth

OC has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Owens Corning from $140.00 to $138.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research downgraded shares of Owens Corning from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. UBS Group raised their target price on shares of Owens Corning from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Citigroup dropped their target price on shares of Owens Corning from $137.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Owens Corning in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.91.

Owens Corning Stock Performance

NYSE:OC opened at $121.74 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.70 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $115.71 and a two-hundred day moving average price of $117.40. Owens Corning Inc has a twelve month low of $97.53 and a twelve month high of $159.42. The company has a market capitalization of $9.79 billion, a P/E ratio of -19.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, February 25th. The construction company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.26). Owens Corning had a negative net margin of 5.17% and a positive return on equity of 21.93%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business posted $3.22 earnings per share. The business’s revenue was down 16.8% compared to the same quarter last year. As a group, research analysts expect that Owens Corning Inc will post 9.43 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, March 9th were issued a dividend of $0.79 per share. The ex-dividend date was Monday, March 9th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.6%. Owens Corning’s payout ratio is -49.38%.

Owens Corning Company Profile

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.