Bank of Jackson Hole Trust Acquires Shares of 294 Owens Corning (NYSE:OC)

Bank of Jackson Hole Trust acquired a new stake in Owens Corning (NYSE:OC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 294 shares of the construction company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of OC. Creative Planning raised its stake in Owens Corning by 16.4% in the third quarter. Creative Planning now owns 9,789 shares of the construction company’s stock valued at $1,728,000 after buying an additional 1,379 shares during the period. Blue Trust Inc. raised its stake in Owens Corning by 199.2% in the third quarter. Blue Trust Inc. now owns 1,098 shares of the construction company’s stock valued at $191,000 after buying an additional 731 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Owens Corning by 59.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 172,173 shares of the construction company’s stock valued at $30,392,000 after buying an additional 64,260 shares during the period. Greenleaf Trust raised its stake in Owens Corning by 3.8% in the third quarter. Greenleaf Trust now owns 3,839 shares of the construction company’s stock valued at $678,000 after buying an additional 141 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Owens Corning in the third quarter valued at approximately $156,000. Institutional investors own 88.40% of the company’s stock.

Insider Buying and Selling at Owens Corning

In other Owens Corning news, insider Gunner Smith sold 17,450 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $191.19, for a total value of $3,336,265.50. Following the sale, the insider now owns 18,866 shares of the company’s stock, valued at approximately $3,606,990.54. This trade represents a 48.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the completion of the transaction, the insider now owns 11,635 shares of the company’s stock, valued at $2,140,490.95. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Loop Capital decreased their target price on Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Evercore ISI upped their target price on Owens Corning from $189.00 to $196.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on Owens Corning from $213.00 to $217.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays raised Owens Corning from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $192.00 to $245.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company raised Owens Corning from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $195.00 to $225.00 in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $211.30.

Owens Corning Trading Down 1.3 %

Shares of NYSE:OC opened at $171.93 on Friday. The company has a market capitalization of $14.75 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.94 and a beta of 1.46. Owens Corning has a 1 year low of $142.12 and a 1 year high of $214.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.85. The business’s 50 day simple moving average is $177.95 and its 200 day simple moving average is $178.62.

Owens Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. Owens Corning’s dividend payout ratio is presently 23.49%.

Owens Corning Profile

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.