NN Investment Partners Holdings N.V. boosted its holdings in shares of Owens Corning (NYSE:OC) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,884 shares of the construction company’s stock after purchasing an additional 3,791 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Owens Corning were worth $1,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its stake in Owens Corning by 1.0% during the first quarter. New York State Teachers Retirement System now owns 39,400 shares of the construction company’s stock worth $1,529,000 after purchasing an additional 400 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Owens Corning by 5.8% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 7,265 shares of the construction company’s stock worth $282,000 after purchasing an additional 400 shares during the last quarter. Rock Point Advisors LLC lifted its stake in shares of Owens Corning by 0.8% in the 1st quarter. Rock Point Advisors LLC now owns 51,568 shares of the construction company’s stock valued at $2,001,000 after acquiring an additional 420 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Owens Corning by 9.6% in the 4th quarter. Baird Financial Group Inc. now owns 5,846 shares of the construction company’s stock valued at $381,000 after acquiring an additional 511 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in shares of Owens Corning by 8.1% in the 1st quarter. OLD National Bancorp IN now owns 7,868 shares of the construction company’s stock valued at $305,000 after acquiring an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.

Shares of Owens Corning stock opened at $60.47 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $56.74 and a two-hundred day moving average price of $51.88. Owens Corning has a 1-year low of $28.56 and a 1-year high of $68.72. The company has a market cap of $6.52 billion, a P/E ratio of -10.93, a PEG ratio of 4.89 and a beta of 1.53.

Owens Corning (NYSE:OC) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.62. Owens Corning had a positive return on equity of 11.35% and a negative net margin of 8.79%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $1.31 EPS. The business’s revenue was down 15.3% compared to the same quarter last year. Equities research analysts forecast that Owens Corning will post 3.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.59%. Owens Corning’s payout ratio is currently 21.15%.

A number of brokerages have recently commented on OC. Nomura Securities increased their price target on Owens Corning from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Wells Fargo & Co increased their price target on Owens Corning from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Argus dropped their price target on Owens Corning from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target on Owens Corning from $37.00 to $53.00 in a research note on Friday, July 10th. Finally, TheStreet upgraded Owens Corning from a “d+” rating to a “c-” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.05.

About Owens Corning

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial 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.

Recommended Story: What is the outlook for the FAANG stocks?

Want to see what other hedge funds are holding OC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens Corning (NYSE:OC).

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

Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.