Owens Corning (OC) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Owens Corning (NYSE:OC) by 10.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,764 shares of the construction company’s stock after buying an additional 1,054 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Owens Corning were worth $507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Bank & Trust increased its stake in Owens Corning by 5.6% during the fourth quarter. First Bank & Trust now owns 4,028 shares of the construction company’s stock worth $177,000 after purchasing an additional 213 shares during the period. Sage Capital Advisors llc increased its stake in shares of Owens Corning by 0.8% during the first quarter. Sage Capital Advisors llc now owns 30,401 shares of the construction company’s stock worth $1,432,000 after buying an additional 250 shares during the period. IFP Advisors Inc increased its stake in shares of Owens Corning by 32.7% during the fourth quarter. IFP Advisors Inc now owns 1,262 shares of the construction company’s stock worth $55,000 after buying an additional 311 shares during the period. Malaga Cove Capital LLC increased its stake in shares of Owens Corning by 1.1% during the fourth quarter. Malaga Cove Capital LLC now owns 38,998 shares of the construction company’s stock worth $1,697,000 after buying an additional 435 shares during the period. Finally, MBM Wealth Consultants LLC increased its stake in shares of Owens Corning by 9.0% during the first quarter. MBM Wealth Consultants LLC now owns 7,671 shares of the construction company’s stock worth $361,000 after buying an additional 633 shares during the period. Hedge funds and other institutional investors own 96.96% of the company’s stock.

OC has been the topic of a number of recent research reports. TheStreet upgraded shares of Owens Corning from a “c+” rating to a “b-” rating in a research note on Thursday, February 14th. Barclays set a $58.00 price target on Owens Corning and gave the company a “buy” rating in a report on Tuesday, February 5th. Stifel Nicolaus downgraded Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price target for the company. in a report on Wednesday, April 24th. Zacks Investment Research raised Owens Corning from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, Citigroup set a $53.00 price target on Owens Corning and gave the stock a “hold” rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Owens Corning has a consensus rating of “Hold” and an average target price of $61.07.

Shares of NYSE OC opened at $48.34 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.83 and a quick ratio of 0.96. Owens Corning has a 1-year low of $40.64 and a 1-year high of $67.43. The firm has a market cap of $5.25 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.22 and a beta of 1.21.

Owens Corning (NYSE:OC) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Owens Corning had a return on equity of 12.10% and a net margin of 7.07%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $0.80 earnings per share. Owens Corning’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Owens Corning will post 4.68 earnings per share for the current fiscal year.

In other Owens Corning news, VP Daniel T. Smith sold 18,681 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $50.75, for a total value of $948,060.75. Following the completion of the transaction, the vice president now owns 74,891 shares in the company, valued at $3,800,718.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julian Francis sold 600 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $51.51, for a total value of $30,906.00. Following the completion of the transaction, the insider now owns 76,662 shares of the company’s stock, valued at approximately $3,948,859.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,881 shares of company stock valued at $1,562,045. Corporate insiders own 1.70% of the company’s stock.

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Owens Corning Company Profile

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

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

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