Mediolanum International Funds Ltd Reduces Stock Holdings in Owens Corning Inc $OC

Mediolanum International Funds Ltd cut its holdings in Owens Corning Inc (NYSE:OC) by 53.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,386 shares of the construction company’s stock after selling 12,150 shares during the period. Mediolanum International Funds Ltd’s holdings in Owens Corning were worth $1,433,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of Owens Corning by 10.4% in the first quarter. Private Advisor Group LLC now owns 1,602 shares of the construction company’s stock valued at $229,000 after purchasing an additional 151 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Owens Corning by 33.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,573 shares of the construction company’s stock worth $653,000 after purchasing an additional 1,143 shares during the last quarter. HB Wealth Management LLC lifted its stake in Owens Corning by 39.3% in the 1st quarter. HB Wealth Management LLC now owns 2,229 shares of the construction company’s stock valued at $318,000 after buying an additional 629 shares in the last quarter. TD Asset Management Inc grew its holdings in Owens Corning by 4.6% during the 1st quarter. TD Asset Management Inc now owns 16,781 shares of the construction company’s stock valued at $2,397,000 after buying an additional 737 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new position in Owens Corning during the first quarter worth $866,000. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OC has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Owens Corning from $174.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Jefferies Financial Group decreased their price target on shares of Owens Corning from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price target on shares of Owens Corning from $157.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Truist Financial reduced their price objective on shares of Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. Finally, Bank of America lowered their target price on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $157.67.

Owens Corning Price Performance

OC opened at $104.08 on Monday. The company’s 50 day simple moving average is $126.11 and its 200 day simple moving average is $136.99. 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 Inc has a 1 year low of $97.53 and a 1 year high of $214.53. The stock has a market capitalization of $8.55 billion, a PE ratio of 27.03, a P/E/G ratio of 9.10 and a beta of 1.31.

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

Owens Corning Announces Dividend

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

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.