Trium Capital LLP Has $2.60 Million Holdings in Owens Corning Inc $OC

Trium Capital LLP boosted its position in shares of Owens Corning Inc (NYSE:OC) by 81.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,392 shares of the construction company’s stock after acquiring an additional 8,244 shares during the period. Owens Corning accounts for 1.0% of Trium Capital LLP’s investment portfolio, making the stock its 14th biggest holding. Trium Capital LLP’s holdings in Owens Corning were worth $2,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Owens Corning in the second quarter worth about $26,000. Bangor Savings Bank bought a new stake in Owens Corning during the 2nd quarter valued at approximately $28,000. Rexford Capital Inc. acquired a new stake in Owens Corning in the 2nd quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Owens Corning in the 2nd quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in Owens Corning by 149.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock worth $31,000 after buying an additional 133 shares during the period. 88.40% of the stock is owned by institutional investors and hedge funds.

Owens Corning Trading Up 0.1%

Shares of Owens Corning stock opened at $113.65 on Friday. Owens Corning Inc has a 52-week low of $97.53 and a 52-week high of $192.96. The firm has a market capitalization of $9.34 billion, a PE ratio of -19.87, a price-to-earnings-growth ratio of 9.14 and a beta of 1.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.40 and a quick ratio of 0.86. The company’s fifty day moving average price is $113.92 and its two-hundred day moving average price is $132.94.

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.03. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. Owens Corning had a negative net margin of 4.46% and a positive return on equity of 24.42%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.38 EPS. On average, analysts expect that Owens Corning Inc will post 15.49 EPS for the current year.

Owens Corning Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Monday, January 5th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, January 5th. This is a positive change from Owens Corning’s previous quarterly dividend of $0.69. This represents a $3.16 dividend on an annualized basis and a yield of 2.8%. Owens Corning’s dividend payout ratio (DPR) is presently -48.25%.

Analyst Ratings Changes

OC has been the topic of several research analyst reports. UBS Group lowered their price objective on shares of Owens Corning from $210.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Evercore ISI cut their target price on shares of Owens Corning from $121.00 to $117.00 and set an “in-line” rating for the company in a research note on Thursday, December 4th. Royal Bank Of Canada decreased their price target on shares of Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Barclays set a $130.00 price objective on shares of Owens Corning in a research report on Monday, December 8th. Finally, Vertical Research initiated coverage on shares of Owens Corning in a research note on Monday, October 20th. They issued a “hold” rating for the company. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Owens Corning currently has a consensus rating of “Hold” and an average target price of $155.58.

Owens Corning Company Profile

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.