Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases Shares of 14,654 Owens Corning (OC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Owens Corning (NYSE:OC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,654 shares of the construction company’s stock, valued at approximately $1,378,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in Owens Corning by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,689 shares of the construction company’s stock valued at $247,000 after purchasing an additional 304 shares in the last quarter. Worth Venture Partners LLC increased its stake in Owens Corning by 20.7% in the fourth quarter. Worth Venture Partners LLC now owns 3,320 shares of the construction company’s stock valued at $306,000 after purchasing an additional 570 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Owens Corning by 2.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,472 shares of the construction company’s stock valued at $1,738,000 after purchasing an additional 632 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Owens Corning by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 21,638 shares of the construction company’s stock valued at $1,989,000 after purchasing an additional 706 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC increased its stake in Owens Corning by 1.6% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 46,120 shares of the construction company’s stock valued at $4,240,000 after purchasing an additional 725 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Owens Corning (OC) opened at $85.22 on Tuesday. Owens Corning has a twelve month low of $56.92 and a twelve month high of $96.52. The firm has a market cap of $9,080.60, a PE ratio of 20.31, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, March 8th. Owens Corning’s dividend payout ratio (DPR) is presently 25.07%.

Several research firms have weighed in on OC. Wells Fargo & Co reaffirmed an “outperform” rating on shares of Owens Corning in a research note on Thursday, October 26th. KeyCorp reissued a “buy” rating and set a $115.00 target price on shares of Owens Corning in a research report on Friday, January 12th. SunTrust Banks boosted their target price on shares of Owens Corning from $66.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Seaport Global Securities boosted their target price on shares of Owens Corning from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research downgraded shares of Owens Corning from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $85.45.

In related news, CFO Michael C. Mcmurray sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $90.78, for a total transaction of $1,634,040.00. Following the transaction, the chief financial officer now directly owns 52,228 shares in the company, valued at $4,741,257.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Michael H. Thaman sold 101,600 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.33, for a total transaction of $8,669,528.00. Following the transaction, the chairman now owns 840,370 shares in the company, valued at $71,708,772.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 127,420 shares of company stock worth $10,990,777. 1.80% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This news story was published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://stocknewstimes.com/2018/02/13/mitsubishi-ufj-kokusai-asset-management-co-ltd-purchases-shares-of-14654-owens-corning-oc.html.

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.

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.

Latest News

Leave a Reply