Nomura Holdings Inc. Acquires 7,275 Shares of Owens Corning Inc (OC)

Nomura Holdings Inc. grew its holdings in shares of Owens Corning Inc (NYSE:OC) by 184.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,226 shares of the construction company’s stock after buying an additional 7,275 shares during the quarter. Nomura Holdings Inc.’s holdings in Owens Corning were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OC. Comerica Bank raised its position in shares of Owens Corning by 26.2% during the 1st quarter. Comerica Bank now owns 6,865 shares of the construction company’s stock valued at $417,000 after buying an additional 1,426 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Owens Corning by 7.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 73,900 shares of the construction company’s stock valued at $4,535,000 after buying an additional 5,196 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Owens Corning by 45.2% during the 1st quarter. Alliancebernstein L.P. now owns 109,742 shares of the construction company’s stock valued at $6,735,000 after buying an additional 34,150 shares in the last quarter. FMR LLC raised its position in shares of Owens Corning by 33.6% during the 1st quarter. FMR LLC now owns 262,352 shares of the construction company’s stock valued at $16,100,000 after buying an additional 66,027 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Owens Corning by 40.2% during the 1st quarter. Legal & General Group Plc now owns 85,361 shares of the construction company’s stock valued at $5,238,000 after buying an additional 24,488 shares in the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

Owens Corning Inc (OC) opened at 78.99 on Thursday. The stock’s 50 day moving average is $76.75 and its 200-day moving average is $67.53. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 22.69 and a beta of 1.05. Owens Corning Inc has a 12 month low of $46.45 and a 12 month high of $80.12.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, July 26th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. Owens Corning’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. On average, equities research analysts expect that Owens Corning Inc will post $4.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Monday, October 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.80 annualized dividend and a yield of 1.01%. Owens Corning’s payout ratio is 23.05%.

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Several analysts have recently issued reports on the stock. Credit Suisse Group set a $90.00 target price on shares of Owens Corning and gave the company an “outperform” rating in a research report on Tuesday. Evercore ISI restated an “outperform” rating and set a $80.00 target price (down from $88.00) on shares of Owens Corning in a research report on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and set a $82.00 target price on shares of Owens Corning in a research report on Friday, October 6th. Citigroup Inc. restated a “sell” rating and set a $69.00 target price (up from $49.00) on shares of Owens Corning in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Owens Corning in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.32.

In other news, Chairman Michael H. Thaman sold 130,700 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $74.95, for a total value of $9,795,965.00. Following the sale, the chairman now directly owns 847,992 shares of the company’s stock, valued at approximately $63,557,000.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael C. Mcmurray sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $76.52, for a total transaction of $1,071,280.00. Following the completion of the sale, the chief financial officer now directly owns 40,903 shares

Several other hedge funds and other institutional investors have also made changes to their positions in OC. Comerica Bank raised its position in shares of Owens Corning by 26.2% during the 1st quarter. Comerica Bank now owns 6,865 shares of the construction company’s stock valued at $417,000 after buying an additional 1,426 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Owens Corning by 7.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 73,900 shares of the construction company’s stock valued at $4,535,000 after buying an additional 5,196 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Owens Corning by 45.2% during the 1st quarter. Alliancebernstein L.P. now owns 109,742 shares of the construction company’s stock valued at $6,735,000 after buying an additional 34,150 shares in the last quarter. FMR LLC raised its position in shares of Owens Corning by 33.6% during the 1st quarter. FMR LLC now owns 262,352 shares of the construction company’s stock valued at $16,100,000 after buying an additional 66,027 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Owens Corning by 40.2% during the 1st quarter. Legal & General Group Plc now owns 85,361 shares of the construction company’s stock valued at $5,238,000 after buying an additional 24,488 shares in the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

Owens Corning Inc (OC) opened at 78.99 on Thursday. The stock’s 50 day moving average is $76.75 and its 200-day moving average is $67.53. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 22.69 and a beta of 1.05. Owens Corning Inc has a 12 month low of $46.45 and a 12 month high of $80.12.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, July 26th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Owens Corning had a net margin of 6.61% and a return on equity of 11.12%. Owens Corning’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. On average, equities research analysts expect that Owens Corning Inc will post $4.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Monday, October 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.80 annualized dividend and a yield of 1.01%. Owens Corning’s payout ratio is 23.05%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/nomura-holdings-inc-acquires-7275-shares-of-owens-corning-inc-oc.html.

Several analysts have recently issued reports on the stock. Credit Suisse Group set a $90.00 target price on shares of Owens Corning and gave the company an “outperform” rating in a research report on Tuesday. Evercore ISI restated an “outperform” rating and set a $80.00 target price (down from $88.00) on shares of Owens Corning in a research report on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and set a $82.00 target price on shares of Owens Corning in a research report on Friday, October 6th. Citigroup Inc. restated a “sell” rating and set a $69.00 target price (up from $49.00) on shares of Owens Corning in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Owens Corning in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.32.

In other news, Chairman Michael H. Thaman sold 130,700 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $74.95, for a total value of $9,795,965.00. Following the sale, the chairman now directly owns 847,992 shares of the company’s stock, valued at approximately $63,557,000.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael C. Mcmurray sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $76.52, for a total transaction of $1,071,280.00. Following the completion of the sale, the chief financial officer now directly owns 40,903 shares in the company, valued at $3,129,897.56. The disclosure for this sale can be found here. Insiders sold a total of 212,866 shares of company stock worth $15,644,970 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.

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

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