Lee Danner & Bass Inc. maintained its stake in shares of Owens Corning Inc (NYSE:OC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,756 shares of the construction company’s stock at the end of the second quarter. Lee Danner & Bass Inc.’s holdings in Owens Corning were worth $1,054,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. boosted its stake in Owens Corning by 4,010.8% in the first quarter. BlackRock Inc. now owns 6,496,203 shares of the construction company’s stock worth $398,669,000 after buying an additional 6,338,177 shares in the last quarter. LSV Asset Management boosted its stake in Owens Corning by 59.4% in the first quarter. LSV Asset Management now owns 1,385,700 shares of the construction company’s stock worth $85,040,000 after buying an additional 516,500 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Owens Corning by 71.7% in the first quarter. Renaissance Technologies LLC now owns 1,169,800 shares of the construction company’s stock worth $71,791,000 after buying an additional 488,500 shares in the last quarter. PGGM Investments purchased a new stake in Owens Corning during the second quarter worth approximately $26,366,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Owens Corning by 36.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,383,533 shares of the construction company’s stock worth $84,908,000 after buying an additional 366,192 shares in the last quarter.

Owens Corning Inc (NYSE OC) opened at 68.31 on Friday. The stock’s 50 day moving average is $66.06 and its 200-day moving average is $61.47. The firm has a market capitalization of $7.60 billion, a P/E ratio of 19.62 and a beta of 1.11. Owens Corning Inc has a 1-year low of $46.45 and a 1-year high of $68.80.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, July 26th. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Analysts forecast that Owens Corning Inc will post $4.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Monday, July 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, July 13th. Owens Corning’s payout ratio is presently 23.05%.

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A number of analysts recently commented on OC shares. Barclays PLC upped their price objective on shares of Owens Corning from $64.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $72.00 price objective on shares of Owens Corning in a research report on Sunday, July 9th. Stifel Nicolaus restated a “buy” rating and issued a $83.00 price objective on shares of Owens Corning in a research report on Friday, July 28th. Northcoast Research set a $76.00 price objective on shares of Owens Corning and gave the company a “buy” rating in a research report on Tuesday, June 27th. Finally, FBR & Co upped their price objective on shares of Owens Corning from $61.00 to $63.00 and gave the company a “mkt perform” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $70.53.

In other news, insider Arnaud Genis sold 21,544 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $65.44, for a total transaction of $1,409,839.36. Following the completion of the sale, the insider now directly owns 80,143 shares of the company’s stock, valued at $5,244,557.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James J. Mcmonagle sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $64.60, for a total transaction of $129,200.00. Following the sale, the director now directly owns 50,906 shares of the company’s stock, valued at $3,288,527.60. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

About Owens Corning

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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