Susquehanna Fundamental Investments LLC Sells 7,182 Shares of Owens Corning Inc $OC

Susquehanna Fundamental Investments LLC trimmed its holdings in shares of Owens Corning Inc (NYSE:OC) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,215 shares of the construction company’s stock after selling 7,182 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Owens Corning were worth $24,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. raised its stake in Owens Corning by 203.6% in the second quarter. HM Payson & Co. now owns 167 shares of the construction company’s stock valued at $27,000 after purchasing an additional 112 shares in the last quarter. Fiduciary Financial Advisors purchased a new position in Owens Corning in the 2nd quarter worth approximately $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Owens Corning in the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Owens Corning in the 1st quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Owens Corning during the 3rd quarter valued at $42,000. 88.40% of the stock is currently owned by institutional investors.

Owens Corning Trading Up 0.1%

Shares of OC opened at $143.27 on Monday. Owens Corning Inc has a fifty-two week low of $97.53 and a fifty-two week high of $159.91. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of -17.78, a PEG ratio of 2.15 and a beta of 1.32. The firm has a 50 day moving average price of $145.16 and a 200-day moving average price of $127.78. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 1.16.

Owens Corning (NYSE:OC) last released its earnings results on Wednesday, August 5th. The construction company reported $3.93 EPS for the quarter, beating the consensus estimate of $3.09 by $0.84. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.66 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.21 EPS. As a group, equities research analysts forecast that Owens Corning Inc will post 9.9 earnings per share for the current year.

Owens Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 20th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, July 20th. Owens Corning’s dividend payout ratio (DPR) is -39.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Owens Corning from $148.00 to $172.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. DA Davidson initiated coverage on Owens Corning in a research report on Monday, August 24th. They set a “buy” rating and a $190.00 price target on the stock. Truist Financial set a $198.00 price target on Owens Corning in a research note on Thursday, August 6th. Weiss Ratings upgraded Owens Corning from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded Owens Corning from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.31.

Owens Corning Profile

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.