Janus Henderson Group PLC raised its position in Owens Corning (NYSE:OC) by 29.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 743,637 shares of the construction company’s stock after buying an additional 169,721 shares during the period. Janus Henderson Group PLC owned about 0.67% of Owens Corning worth $47,124,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Carillon Tower Advisers Inc. boosted its holdings in shares of Owens Corning by 69.2% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 210,775 shares of the construction company’s stock worth $13,357,000 after purchasing an additional 86,175 shares during the last quarter. Skylands Capital LLC boosted its holdings in shares of Owens Corning by 31.3% during the 2nd quarter. Skylands Capital LLC now owns 105,875 shares of the construction company’s stock worth $6,709,000 after purchasing an additional 25,250 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Owens Corning by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 74,111 shares of the construction company’s stock worth $4,696,000 after purchasing an additional 1,128 shares during the last quarter. Pillar Pacific Capital Management LLC boosted its holdings in shares of Owens Corning by 11.7% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 56,740 shares of the construction company’s stock worth $3,596,000 after purchasing an additional 5,965 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Owens Corning by 451.8% during the 2nd quarter. Strs Ohio now owns 7,504 shares of the construction company’s stock worth $475,000 after purchasing an additional 6,144 shares during the last quarter.

OC has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a $75.00 target price on shares of Owens Corning in a report on Thursday, July 26th. Seaport Global Securities set a $72.00 target price on Owens Corning and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded Owens Corning from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Monday, July 2nd. Zelman & Associates upgraded Owens Corning from a “hold” rating to a “buy” rating in a report on Tuesday, June 19th. Finally, Northcoast Research restated a “buy” rating and set a $81.00 target price on shares of Owens Corning in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.05.

OC stock opened at $58.43 on Friday. The company has a market cap of $6.34 billion, a PE ratio of 13.28, a PEG ratio of 0.66 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 1.59. Owens Corning has a one year low of $55.39 and a one year high of $96.52.

Owens Corning (NYSE:OC) last released its quarterly earnings results on Wednesday, July 25th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.28). The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Owens Corning had a net margin of 4.47% and a return on equity of 11.72%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. analysts forecast that Owens Corning will post 5.27 earnings per share for the current year.

In other news, Director W Howard Morris sold 1,514 shares of Owens Corning stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $58.47, for a total transaction of $88,523.58. Following the sale, the director now owns 36,332 shares of the company’s stock, valued at approximately $2,124,332.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Owens Corning Profile

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

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

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