Nissay Asset Management Corp Japan ADV raised its position in shares of Owens Corning (NYSE:OC) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,802 shares of the construction company’s stock after acquiring an additional 912 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Owens Corning were worth $621,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Boston Partners raised its holdings in shares of Owens Corning by 3,089.6% during the second quarter. Boston Partners now owns 5,655,318 shares of the construction company’s stock valued at $358,378,000 after acquiring an additional 5,478,011 shares during the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of Owens Corning by 44.2% during the second quarter. Iridian Asset Management LLC CT now owns 4,220,826 shares of the construction company’s stock valued at $267,474,000 after acquiring an additional 1,293,828 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Owens Corning by 47.8% during the second quarter. Victory Capital Management Inc. now owns 2,931,929 shares of the construction company’s stock valued at $185,795,000 after acquiring an additional 947,917 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Owens Corning by 22.9% during the second quarter. Wells Fargo & Company MN now owns 2,033,976 shares of the construction company’s stock valued at $128,892,000 after acquiring an additional 378,414 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Owens Corning during the second quarter valued at approximately $83,947,000.

A number of brokerages have commented on OC. Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price on shares of Owens Corning in a report on Thursday, July 26th. Royal Bank of Canada reissued a “hold” rating and set a $80.00 target price on shares of Owens Corning in a report on Thursday, June 28th. ValuEngine lowered Owens Corning from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Zacks Investment Research upgraded Owens Corning from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Monday, July 2nd. Finally, Citigroup upped their price target on Owens Corning from $72.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, June 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.31.

OC stock opened at $57.46 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $6.52 billion, a PE ratio of 13.58, a P/E/G ratio of 0.68 and a beta of 1.04. Owens Corning has a 1 year low of $56.25 and a 1 year high of $96.52.

Owens Corning (NYSE:OC) last posted its quarterly earnings results on Wednesday, July 25th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.28). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Owens Corning had a net margin of 4.47% and a return on equity of 11.72%. Owens Corning’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. equities research analysts predict that Owens Corning will post 5.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 2nd. Investors of record on Tuesday, July 17th were given a $0.21 dividend. The ex-dividend date was Monday, July 16th. This represents a $0.84 annualized dividend and a yield of 1.46%. Owens Corning’s payout ratio is 19.09%.

About Owens Corning

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial 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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