LVW Advisors LLC Purchases 124 Shares of Owens Corning (NYSE:OC)

LVW Advisors LLC increased its holdings in Owens Corning (NYSE:OC) by 6.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,193 shares of the construction company’s stock after buying an additional 124 shares during the period. LVW Advisors LLC’s holdings in Owens Corning were worth $387,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. MV Capital Management Inc. boosted its stake 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 in the last quarter. NBC Securities Inc. bought a new position in shares of Owens Corning during the first quarter valued at about $26,000. ST Germain D J Co. Inc. lifted its stake in shares of Owens Corning by 794.1% in the 2nd quarter. ST Germain D J Co. Inc. now owns 152 shares of the construction company’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Riverview Trust Co purchased a new stake in Owens Corning during the 1st quarter valued at about $28,000. Finally, ORG Partners LLC bought a new position in Owens Corning during the 1st quarter worth approximately $31,000. Institutional investors own 88.40% of the company’s stock.

Owens Corning Stock Performance

Shares of OC opened at $180.44 on Friday. Owens Corning has a 12 month low of $109.95 and a 12 month high of $191.13. The business’s fifty day simple moving average is $167.02 and its two-hundred day simple moving average is $171.16. The company has a current ratio of 1.37, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 3.62 and a beta of 1.41.

Owens Corning (NYSE:OC) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $4.64 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.27. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.92 billion. Owens Corning had a net margin of 10.66% and a return on equity of 26.33%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.22 earnings per share. Research analysts anticipate that Owens Corning will post 15.38 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 18th will be given a $0.60 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.40 annualized dividend and a yield of 1.33%. Owens Corning’s payout ratio is 20.32%.

Insider Buying and Selling at Owens Corning

In other news, insider Marcio A. Sandri sold 3,051 shares of Owens Corning stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $176.50, for a total transaction of $538,501.50. Following the transaction, the insider now owns 57,079 shares in the company, valued at $10,074,443.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Marcio A. Sandri sold 3,050 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $170.00, for a total value of $518,500.00. Following the transaction, the insider now directly owns 60,130 shares in the company, valued at $10,222,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marcio A. Sandri sold 3,051 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $176.50, for a total value of $538,501.50. Following the completion of the transaction, the insider now directly owns 57,079 shares in the company, valued at approximately $10,074,443.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on OC shares. StockNews.com cut shares of Owens Corning from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Wells Fargo & Company boosted their price objective on shares of Owens Corning from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Loop Capital increased their target price on shares of Owens Corning from $188.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Evercore ISI reduced their price target on Owens Corning from $188.00 to $175.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on Owens Corning from $211.00 to $213.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $186.69.

About Owens Corning

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.