Economy

Investors Purchase High Volume of Owens Corning Call Options (OC)

The stock increased 0.52% or $0.34 during the last trading session, reaching $65.83. The insider now directly owns 47,647 shares worth $3,136,602. It is down 25.18% since May 2, 2017 and is downtrending. It has underperformed by 36.73% the S&P500. Globeflex Capital L P has 0.34% invested in Owens Corning (NYSE:OC).

The company now has an insider ownership of 1.3 Percent and Institutional ownership of 96.3 Percent.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -18.37%, and has a solid year to date (YTD) performance of -28.4% which means that the stock is constantly adding to its value from the previous fiscal year end price. Iridian Asset Management Llc who had been investing in Owens Corning for a number of months, seems to be less bullish one the $7.29B market cap company. The stock increased 0.75% or $0.32 during the last trading session, reaching $42.77. About 965,364 shares traded. Owens Corning had a net margin of 4.24% and a return on equity of 11.95%. OC outperformed by 20.69% the S&P500.

Total analysts of 12 have positions in Owens Corning (NYSE:OC) as follows: 10 rated it a "Buy", 0 with "Sell" and 2 with "Hold". Therefore 60% are positive. Bridgeway Cap Mngmt Inc has invested 0.42% in Owens Corning (NYSE:OC). On Thursday, April 26 the stock rating was maintained by Wells Fargo with "Buy". Royal Bank of Canada downgraded shares of Owens Corning from a "top pick" rating to an "outperform" rating and upped their price objective for the company from $88.00 to $102.00 in a report on Monday. The rating was maintained by FBR Capital on Friday, July 29 with "Mkt Perform". The firm earned "Buy" rating on Thursday, July 13 by Jefferies. The rating was maintained by RBC Capital Markets on Thursday, July 23 with "Sector Perform". The average 12 month price target among analysts that have issued a report on the stock in the previous year is $55.87.

Owens Corning (NYSE:OC) stock received an upgrade by Nomura from Neutral to Buy with a price target of $93.00. The third largest holder is Barrow Hanley Mewhinney & Strauss Llc, which now holds $255.27 million worth of this stock and that ownership represents almost 3.39% of its market capitalization. Credit Suisse Group restated an "outperform" rating and set a $110.00 target price (up previously from $95.00) on shares of Owens Corning in a research note on Monday, January 22nd.

Since March 13, 2018, it had 0 insider buys, and 2 selling transactions for $4.93 million activity.

In related news, VP Ava Harter sold 1,100 shares of Owens Corning stock in a transaction on Tuesday, March 13th. In a transaction dated December 04, 2017, the shares were put up for sale at an average price of $90.78, raking in a sum of $1,634,040. That's change of 0.19, from 2017Q3's 1.26.

Several institutional investors have recently bought and sold shares of the company. 71 funds acquired positions and 107 increased positions. Pacad Investment accumulated 700 shs or 0.01% of the stock. Moreover, Martingale Asset Management Ltd Partnership has 0% invested in Owens Corning (NYSE:OC). California Pub Employees Retirement holds 316,261 shares. Hall Laurie J Trustee invested 0.08% of its capital in Owens Corning (NYSE:OC). Investors of record on Friday, March 9th were given a $0.21 dividend. Personal Advisors reported 153,694 shares stake. Gam Hldgs Ag accumulated 0.37% or 129,453 shares. Ubs Oconnor Lc has 0.1% invested in Owens Corning (NYSE:OC) for 36,000 shares. Vident Invest Advisory Ltd Liability accumulated 40,143 shares. Hanseatic holds 7,374 shares. Owens Corning (NYSE:OC) has risen 32.24% since May 2, 2017 and is uptrending. Trustmark Savings Bank Department holds 0.02% of its portfolio in Owens Corning (NYSE:OC) for 2,337 shares. Amer Gp Inc invested in 2,321 shares. Penserra Capital Management LLC now owns 3,990 shares of the construction company's stock valued at $366,000 after purchasing an additional 627 shares during the last quarter. It also reduced its holding in Aon Plc (NYSE:AON) by 6,484 shares in the quarter, leaving it with 14,422 shares, and cut its stake in Electronic Arts Inc (NASDAQ:EA). It fall, as 34 investors sold AGO shares while 90 reduced holdings. Neuberger Berman Gru Limited Liability Co stated it has 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Similar statistics are true for the second largest owner, Blackrock Inc., which owns 7,357,067 shares of the stock are valued at $481.81 million. Schneider Capital Mgmt accumulated 470,629 shares. Mader & Shannon Wealth Mgmt Inc reported 49,006 shares.



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