KBC Group NV raised its position in shares of Owens Corning (NYSE:OC) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,126 shares of the construction company’s stock after purchasing an additional 66,290 shares during the period. KBC Group NV’s holdings in Owens Corning were worth $25,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Swiss National Bank increased its holdings in shares of Owens Corning by 118.8% in the 4th quarter. Swiss National Bank now owns 410,200 shares of the construction company’s stock valued at $37,714,000 after acquiring an additional 222,700 shares during the period. Camelot Portfolios LLC increased its holdings in shares of Owens Corning by 13.7% in the 4th quarter. Camelot Portfolios LLC now owns 7,076 shares of the construction company’s stock valued at $651,000 after acquiring an additional 852 shares during the period. California Public Employees Retirement System increased its holdings in shares of Owens Corning by 12.3% in the 4th quarter. California Public Employees Retirement System now owns 316,261 shares of the construction company’s stock valued at $29,077,000 after acquiring an additional 34,566 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Owens Corning in the 4th quarter valued at $1,378,000. Finally, American Century Companies Inc. increased its holdings in shares of Owens Corning by 61.9% in the 4th quarter. American Century Companies Inc. now owns 671,934 shares of the construction company’s stock valued at $61,778,000 after acquiring an additional 256,877 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Owens Corning (NYSE OC) opened at $81.63 on Friday. Owens Corning has a one year low of $56.34 and a one year high of $96.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.66. The firm has a market capitalization of $9,080.60, a price-to-earnings ratio of 20.31, a P/E/G ratio of 0.98 and a beta of 0.98.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.84 annualized dividend and a yield of 1.03%. Owens Corning’s dividend payout ratio (DPR) is 25.07%.

A number of brokerages have recently issued reports on OC. Credit Suisse Group set a $90.00 price target on Owens Corning and gave the company an “outperform” rating in a report on Tuesday, October 17th. Royal Bank of Canada lifted their price target on Owens Corning from $79.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Barclays set a $75.00 price target on Owens Corning and gave the company a “hold” rating in a report on Thursday, October 26th. Wells Fargo & Co reiterated an “outperform” rating on shares of Owens Corning in a report on Thursday, October 26th. Finally, Zelman & Associates downgraded Owens Corning from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $85.45.

In other Owens Corning news, CFO Michael C. Mcmurray sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $90.78, for a total transaction of $1,634,040.00. Following the sale, the chief financial officer now owns 52,228 shares in the company, valued at approximately $4,741,257.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Howard Morris sold 2,026 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $81.95, for a total value of $166,030.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,446 shares of company stock worth $11,156,808. Company insiders own 1.80% of the company’s stock.

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

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