M&G PLC Sells 1,108 Shares of Owens Corning Inc $OC

M&G PLC lessened its position in shares of Owens Corning Inc (NYSE:OC) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,591 shares of the construction company’s stock after selling 1,108 shares during the period. M&G PLC owned 0.06% of Owens Corning worth $6,844,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OC. Bangor Savings Bank bought a new stake in shares of Owens Corning during the 2nd quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Owens Corning during the 2nd quarter worth approximately $30,000. Chilton Capital Management LLC acquired a new stake in shares of Owens Corning during the 2nd quarter worth approximately $37,000. Assetmark Inc. lifted its position in shares of Owens Corning by 51.0% during the 2nd quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock valued at $41,000 after acquiring an additional 101 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Owens Corning during the second quarter worth $42,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Owens Corning Stock Down 0.0%

OC stock opened at $102.97 on Thursday. The stock has a fifty day moving average of $133.54 and a 200-day moving average of $139.12. Owens Corning Inc has a fifty-two week low of $102.55 and a fifty-two week high of $214.53. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 9.10 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.52.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.03. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Owens Corning had a return on equity of 24.49% and a net margin of 2.98%.The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Owens Corning Inc will post 15.49 earnings per share for the current year.

Owens Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, October 20th were issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $2.76 annualized dividend and a yield of 2.7%. Owens Corning’s dividend payout ratio (DPR) is -48.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Jefferies Financial Group dropped their target price on Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Truist Financial decreased their price target on Owens Corning from $165.00 to $135.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Evercore ISI set a $121.00 price target on Owens Corning in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Owens Corning from $157.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $157.67.

About Owens Corning

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.