Donald L. Hagan LLC Sells 117 Shares of Owens Corning (NYSE:OC)

Donald L. Hagan LLC cut its stake in Owens Corning (NYSE:OC) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,363 shares of the construction company’s stock after selling 117 shares during the period. Owens Corning accounts for approximately 1.1% of Donald L. Hagan LLC’s portfolio, making the stock its 15th largest position. Donald L. Hagan LLC’s holdings in Owens Corning were worth $2,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MV Capital Management Inc. lifted its holdings in Owens Corning by 112.9% in the first quarter. MV Capital Management Inc. now owns 149 shares of the construction company’s stock worth $25,000 after buying an additional 79 shares during the period. NBC Securities Inc. purchased a new stake in Owens Corning in the first quarter worth about $26,000. ST Germain D J Co. Inc. lifted its holdings in Owens Corning by 794.1% in the second quarter. ST Germain D J Co. Inc. now owns 152 shares of the construction company’s stock worth $26,000 after buying an additional 135 shares during the period. Riverview Trust Co purchased a new stake in Owens Corning in the first quarter worth about $28,000. Finally, ORG Partners LLC purchased a new position in shares of Owens Corning during the first quarter valued at approximately $31,000. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Owens Corning news, CFO Todd W. Fister sold 3,000 shares of Owens Corning stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $173.65, for a total value of $520,950.00. Following the completion of the sale, the chief financial officer now owns 31,626 shares of the company’s stock, valued at approximately $5,491,854.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Todd W. Fister sold 3,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $173.65, for a total transaction of $520,950.00. Following the completion of the sale, the chief financial officer now owns 31,626 shares of the company’s stock, valued at approximately $5,491,854.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mari Doerfler sold 240 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $182.05, for a total transaction of $43,692.00. Following the sale, the vice president now directly owns 4,954 shares of the company’s stock, valued at approximately $901,875.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,360 shares of company stock valued at $3,437,315. Company insiders own 0.89% of the company’s stock.

Owens Corning Stock Down 1.4 %

NYSE OC traded down $2.25 during mid-day trading on Friday, reaching $159.58. The stock had a trading volume of 551,186 shares, compared to its average volume of 676,568. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 1.22. Owens Corning has a 1 year low of $109.95 and a 1 year high of $191.13. The stock has a market cap of $13.83 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. The company has a fifty day moving average price of $171.84 and a 200 day moving average price of $166.79.

Owens Corning (NYSE:OC) last posted its earnings results on Tuesday, August 6th. The construction company reported $4.64 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.27. Owens Corning had a net margin of 11.53% and a return on equity of 26.52%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the firm posted $4.22 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. On average, research analysts expect that Owens Corning will post 15.63 earnings per share for the current year.

Owens Corning Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Monday, July 15th. Owens Corning’s dividend payout ratio (DPR) is presently 19.43%.

Analysts Set New Price Targets

OC has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Owens Corning in a report on Wednesday, May 22nd. They set a “buy” rating and a $215.00 target price for the company. Benchmark reiterated a “hold” rating on shares of Owens Corning in a report on Wednesday, August 7th. StockNews.com lowered shares of Owens Corning from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their target price on shares of Owens Corning from $211.00 to $213.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Argus lifted their target price on shares of Owens Corning from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Owens Corning currently has an average rating of “Moderate Buy” and a consensus price target of $184.23.

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.