Owens Corning Inc $OC Stake Raised by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its holdings in shares of Owens Corning Inc (NYSE:OC) by 307.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,428 shares of the construction company’s stock after acquiring an additional 4,851 shares during the quarter. Fox Run Management L.L.C.’s holdings in Owens Corning were worth $884,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Owens Corning by 12.0% during the first quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock worth $1,401,876,000 after purchasing an additional 1,053,855 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Owens Corning by 67.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,380,123 shares of the construction company’s stock worth $339,930,000 after buying an additional 957,295 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Owens Corning by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 2,225,800 shares of the construction company’s stock valued at $305,291,000 after buying an additional 15,927 shares during the period. LSV Asset Management grew its holdings in shares of Owens Corning by 1.9% during the 1st quarter. LSV Asset Management now owns 1,476,067 shares of the construction company’s stock valued at $210,812,000 after acquiring an additional 27,185 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Owens Corning by 179.0% in the first quarter. Millennium Management LLC now owns 863,230 shares of the construction company’s stock worth $123,287,000 after acquiring an additional 553,864 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

Owens Corning Stock Down 0.8%

Shares of Owens Corning stock opened at $104.09 on Monday. Owens Corning Inc has a 12-month low of $103.05 and a 12-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 stock has a 50 day moving average price of $136.30 and a two-hundred day moving average price of $139.95. The stock has a market capitalization of $8.56 billion, a P/E ratio of 27.04, a PEG ratio of 9.10 and a beta of 1.31.

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

Owens Corning Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OC shares. Royal Bank Of Canada reduced their price objective on Owens Corning from $174.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price target on Owens Corning from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group lowered their price target on Owens Corning from $210.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday. 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. Finally, Barclays decreased their target price on shares of Owens Corning from $173.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Owens Corning has a consensus rating of “Moderate Buy” and an average price target of $162.92.

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.