Owens Corning (OC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank grew its position in Owens Corning (NYSE:OC) by 439.0% in the fourth quarter, Holdings Channel reports. The fund owned 121,127 shares of the construction company’s stock after buying an additional 98,655 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Owens Corning were worth $11,136,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. TIAA FSB bought a new position in shares of Owens Corning in the third quarter valued at approximately $3,022,000. Dana Investment Advisors Inc. increased its holdings in shares of Owens Corning by 4.9% in the third quarter. Dana Investment Advisors Inc. now owns 496,736 shares of the construction company’s stock valued at $38,423,000 after purchasing an additional 23,180 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Owens Corning by 636.1% in the third quarter. Great West Life Assurance Co. Can now owns 83,956 shares of the construction company’s stock valued at $6,476,000 after purchasing an additional 72,551 shares in the last quarter. Columbus Circle Investors acquired a new stake in shares of Owens Corning in the third quarter valued at approximately $21,351,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Owens Corning by 137.9% in the third quarter. Sterling Capital Management LLC now owns 45,970 shares of the construction company’s stock valued at $3,556,000 after purchasing an additional 26,650 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.
In other Owens Corning news, CFO Michael C. Mcmurray sold 18,000 shares of Owens Corning stock in a transaction on Monday, December 4th. The shares were sold at an average price of $90.78, for a total transaction of $1,634,040.00. Following the completion of the sale, the chief financial officer now owns 52,228 shares of the company’s stock, valued at approximately $4,741,257.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John David Williams sold 3,684 shares of Owens Corning stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $88.64, for a total transaction of $326,549.76. Following the sale, the director now directly owns 24,762 shares of the company’s stock, valued at approximately $2,194,903.68. The disclosure for this sale can be found here. Insiders have sold a total of 129,933 shares of company stock valued at $11,196,722 in the last ninety days. Company insiders own 1.80% of the company’s stock.
Shares of Owens Corning (NYSE OC) opened at $88.88 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. Owens Corning has a fifty-two week low of $53.04 and a fifty-two week high of $96.52. The company has a market cap of $9,887.10, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.08 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, March 8th. Owens Corning’s dividend payout ratio is presently 25.07%.
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Owens Corning Profile
Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
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