Owens Corning (NYSE:OC) Sets New 12-Month Low – What’s Next?

Owens Corning Inc (NYSE:OC) reached a new 52-week low during trading on Tuesday . The stock traded as low as $102.92 and last traded at $103.28, with a volume of 1901319 shares trading hands. The stock had previously closed at $104.20.

Analysts Set New Price Targets

A number of research firms have weighed in on OC. Vertical Research started coverage on Owens Corning in a research report on Monday, October 20th. They set a “hold” rating for the company. Wells Fargo & Company decreased their target price on shares of Owens Corning from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Zacks Research cut shares of Owens Corning from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Barclays lowered their target price on Owens Corning from $173.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings cut Owens Corning from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday. Ten 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, the company presently has an average rating of “Hold” and a consensus target price of $162.92.

Owens Corning Stock Down 0.9%

The company has a current ratio of 1.52, a quick ratio of 0.95 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average price is $135.37 and its two-hundred day moving average price is $139.66. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.03. The business had revenue of $2.68 billion during 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%.Owens Corning’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $4.38 earnings per share. Owens Corning has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Owens Corning Inc will post 15.49 earnings per share for the current fiscal year.

Owens Corning Announces Dividend

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

Institutional Investors Weigh In On Owens Corning

Several hedge funds have recently added to or reduced their stakes in OC. Twin Peaks Wealth Advisors LLC bought a new position in shares of Owens Corning in the second quarter valued at about $26,000. Bangor Savings Bank acquired a new position in shares of Owens Corning in the second quarter valued at about $28,000. Rexford Capital Inc. bought a new position in shares of Owens Corning during the second quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Owens Corning during the 2nd quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of Owens Corning by 149.4% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 222 shares of the construction company’s stock worth $31,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 88.40% of the company’s stock.

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.