Forsta AP Fonden Sells 600 Shares of Owens Corning Inc $OC

Forsta AP Fonden cut its holdings in Owens Corning Inc (NYSE:OC) by 3.2% during the 2nd quarter, Holdings Channel reports. The fund owned 18,200 shares of the construction company’s stock after selling 600 shares during the period. Forsta AP Fonden’s holdings in Owens Corning were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Archer Investment Corp grew its position in shares of Owens Corning by 17.9% during the 1st quarter. Archer Investment Corp now owns 660 shares of the construction company’s stock valued at $94,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System lifted its position in Owens Corning by 0.4% during the second quarter. State of Michigan Retirement System now owns 24,588 shares of the construction company’s stock valued at $3,381,000 after purchasing an additional 100 shares in the last quarter. Assetmark Inc. grew its holdings in Owens Corning by 51.0% during the second quarter. Assetmark Inc. now owns 299 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. CreativeOne Wealth LLC grew its holdings in Owens Corning by 6.7% during the first quarter. CreativeOne Wealth LLC now owns 1,649 shares of the construction company’s stock valued at $236,000 after purchasing an additional 103 shares during the period. Finally, ProShare Advisors LLC increased its position in Owens Corning by 3.2% in the second quarter. ProShare Advisors LLC now owns 3,771 shares of the construction company’s stock worth $519,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 88.40% of the company’s stock.

Owens Corning Trading Down 1.0%

Shares of Owens Corning stock opened at $101.64 on Friday. Owens Corning Inc has a twelve month low of $100.50 and a twelve month high of $214.53. The company has a quick ratio of 0.95, a current ratio of 1.52 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $131.47 and a 200-day moving average price of $138.53. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 9.10 and a beta of 1.31.

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

Owens Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, October 20th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, October 20th. Owens Corning’s dividend payout ratio is currently -48.25%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OC shares. JPMorgan Chase & Co. lowered their price objective on Owens Corning from $157.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. UBS Group decreased their target price 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. Bank of America lowered their price target on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Barclays reduced their price objective on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Owens Corning from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.67.

Owens Corning Company Profile

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.