Owens Corning (NYSE:OC) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in Owens Corning (NYSE:OCFree Report) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 124,959 shares of the construction company’s stock after selling 4,818 shares during the period. California State Teachers Retirement System’s holdings in Owens Corning were worth $18,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Owens Corning in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC acquired a new stake in Owens Corning in the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC boosted its position in shares of Owens Corning by 53.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 254 shares of the construction company’s stock worth $35,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Owens Corning by 42.2% during the 4th quarter. Blue Trust Inc. now owns 263 shares of the construction company’s stock worth $36,000 after purchasing an additional 78 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Owens Corning by 26,700.0% in the 4th quarter. Assetmark Inc. now owns 268 shares of the construction company’s stock valued at $40,000 after purchasing an additional 267 shares in the last quarter. 88.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OC shares. Truist Financial upped their target price on shares of Owens Corning from $115.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Jefferies Financial Group began coverage on Owens Corning in a report on Wednesday, May 22nd. They issued a “buy” rating and a $215.00 price target on the stock. Evercore ISI lifted their price objective on Owens Corning from $154.00 to $172.00 and gave the stock an “in-line” rating in a report on Thursday, April 25th. Loop Capital upped their target price on Owens Corning from $167.00 to $188.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, UBS Group raised their price objective on shares of Owens Corning from $169.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.21.

Read Our Latest Report on OC

Owens Corning Stock Down 1.6 %

Shares of Owens Corning stock opened at $176.56 on Friday. Owens Corning has a twelve month low of $109.95 and a twelve month high of $184.00. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 5.34 and a beta of 1.46. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $172.23 and its 200-day simple moving average is $157.02.

Owens Corning (NYSE:OCGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.55. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. Owens Corning had a net margin of 11.53% and a return on equity of 26.52%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 earnings per share. Equities research analysts forecast that Owens Corning will post 15.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Marcio A. Sandri sold 9,697 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $178.00, for a total transaction of $1,726,066.00. Following the sale, the insider now directly owns 62,895 shares of the company’s stock, valued at $11,195,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Marcio A. Sandri sold 9,697 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $178.00, for a total transaction of $1,726,066.00. Following the sale, the insider now owns 62,895 shares in the company, valued at $11,195,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paula Russell sold 3,765 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $162.00, for a total transaction of $609,930.00. Following the completion of the transaction, the executive vice president now directly owns 20,419 shares of the company’s stock, valued at approximately $3,307,878. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,885 shares of company stock worth $2,940,053. 0.89% of the stock is owned by insiders.

Owens Corning Profile

(Free Report)

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.

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Want to see what other hedge funds are holding OC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens Corning (NYSE:OCFree Report).

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

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