American Century Companies Inc. Has $32.11 Million Holdings in Owens Corning Inc (OC)

American Century Companies Inc. lessened its stake in shares of Owens Corning Inc (NYSE:OC) by 31.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415,057 shares of the construction company’s stock after selling 187,180 shares during the quarter. American Century Companies Inc. owned about 0.37% of Owens Corning worth $32,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Owens Corning by 1.8% in the second quarter. Vanguard Group Inc. now owns 10,562,420 shares of the construction company’s stock worth $706,837,000 after buying an additional 190,866 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Owens Corning by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,666,185 shares of the construction company’s stock worth $245,337,000 after buying an additional 27,809 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Owens Corning by 21.2% in the second quarter. LSV Asset Management now owns 1,680,100 shares of the construction company’s stock worth $112,432,000 after buying an additional 294,400 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Owens Corning by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,401,027 shares of the construction company’s stock worth $93,757,000 after acquiring an additional 17,494 shares during the period. Finally, FMR LLC raised its stake in Owens Corning by 118.4% during the 2nd quarter. FMR LLC now owns 572,911 shares of the construction company’s stock worth $38,339,000 after acquiring an additional 310,559 shares during the period. 97.61% of the stock is currently owned by institutional investors.

In related news, VP Kelly Schmidt sold 1,462 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $70.35, for a total value of $102,851.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Arnaud Genis sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $70.75, for a total value of $424,500.00. Following the completion of the sale, the insider now owns 58,374 shares in the company, valued at approximately $4,129,960.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,266 shares of company stock worth $14,529,782. Corporate insiders own 1.80% of the company’s stock.

A number of equities research analysts have commented on the stock. Nomura raised their target price on shares of Owens Corning from $79.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $83.00 price objective on shares of Owens Corning in a research report on Thursday, October 26th. SunTrust Banks, Inc. lifted their price objective on shares of Owens Corning from $66.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Barclays PLC set a $75.00 price objective on shares of Owens Corning and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada lifted their price objective on shares of Owens Corning from $79.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $76.95.

Owens Corning Inc (NYSE:OC) opened at $82.20 on Tuesday. The company has a market cap of $9,109.53, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.62. Owens Corning Inc has a fifty-two week low of $50.17 and a fifty-two week high of $83.31.

Owens Corning (NYSE:OC) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.01). Owens Corning had a net margin of 6.15% and a return on equity of 11.40%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. equities analysts predict that Owens Corning Inc will post 4.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Monday, October 16th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, October 13th. This represents a $0.80 annualized dividend and a dividend yield of 0.97%. Owens Corning’s dividend payout ratio (DPR) is currently 23.88%.

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Owens Corning Company 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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